Surprise! Sales of New Homes Rise 6.2 Percent
✉️ Want to forward this article? Click here.
The Commerce Department reported on Wednesday that sales of new homes in the country rose 6.2 percent from September to October. Sales rose to a seasonally adjusted annual rate of 430,000 from 405,000 in September, according to the Associated Press. The increase outpaced economists’ predictions of a modest two percent increase. The median sales price for homes was $212,200, down just slightly from $213,200 a year ago.
The news comes just days after the National Association of Realtors (NAR) announced that national home sales activity hit an annually-adjusted 6.10 million units in October, the highest level since February 2007.
See other articles related to: commerce department, dc area market trends, new home sales
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/surprise_sales_of_new_homes_rise_6_2_percent/1551.
Most Popular... This Week • Last 30 Days • Ever
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
Kite House at The Parks at Walter Reed sold seven residences in September alone. The ... read »
- 235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- A No Down Payment Assistance Program at Kite House, DC’s Best Selling Condominium
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro