New Home Sales Rise
According to the U.S. Census Bureau and the Department of Housing and Urban Development, new home sales for September climbed to 313,000. This is up nearly 6% from the revised August rate of 296,000. As you can see from this chart, September comes in just below the 2011 high of 316,000 set in April. The median sales price of a new home sold in September was $204,000 while the average sales prices was $243,900.
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Cindy Bradley Mortgage Team, Cheyenne, Wyoming