New Home Sales Up 8.8% In March
WRE News April 27, 2024
Buyer
WRE News April 27, 2024
Buyer
Higher home prices and elevated mortgage rates did not stop buyers last month as new single‐family houses sales during March were at a seasonally adjusted annual rate of 693,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development.
Last month’s sales were 8.8% above the revised February rate of 637,000 and is 8.3% above the March 2023 estimate of 640,000.
The median sales price of new houses sold in March was $430,700 and the average sales price was $524,800. The seasonally adjusted estimate of new houses for sale at the end of March was 477,000, which represents a supply of 8.3 months at the current sales rate.
Stay up to date on the latest real estate trends.
Buyer
August 9, 2025
If there is one thing that seemingly makes everyone, of all ages, giddy, it's the act of receiving a beautifully wrapped present.
Buyer
August 9, 2025
Behr is commencing color of the year season early this year.
Buyer
August 8, 2025
In case you haven't heard, Pinterest's summer 2025 trend report listed "dill green" as the color of the season.
Buyer
August 8, 2025
A growing number of borrowers were filling out mortgage applications during the week ending Aug. 1, according to data from the Mortgage Bankers Association.
Buyer
August 7, 2025
Are you wondering if you’re on track to retire someday?
Buyer
August 7, 2025
Home renovations require more than just a healthy budget and the right team of pros in your back pocket.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today