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Sergey Fednov's Blog

By SERGEY FEDNOV *** 424-777-9377 | Agent in Beverly Hills, CA

Sales of new homes rise in April


Sales of new single-family houses increased 3.3 percent in April to a seasonally adjusted annual rate of 343,000 units, according to estimates released jointly by the U.S. Census Bureau and the Dept. of Housing and Urban Development.

This is 9.9 percent above the April 2011 estimate of 312,000 units.

The median sales price of new houses sold in April 2012 was $235,700; the average sales price was $282,600. The seasonally adjusted estimate of new houses for sale at the end of April was 146,000. This represents a supply of 5.1 months at the current sales rate.


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