New Home Sales Rise in December
New single-family home sales rose in December, hitting 664,000 sales, according to the U.S. Census Bureau, up 8% from November and up 4.4% from December 2022. A total of 668,000 newly built homes were sold in 2023, 4.2% higher than 2022.
story continues below
loading...story continues above
"Given the low supply of existing homes coming on the for-sale market, new construction has helped to fill gaps," a Zillow analysis found. "As a result, sales of newly built homes have increased in the past year while existing-home sales fell. The recent decline in mortgage rates at the end of the year coupled with a steady supply of newly built homes is supporting new home sales."
See other articles related to: new home sales
This article originally published at https://dc.urbanturf.com/articles/blog/new_home_sales_rise_in_december/21900.
Most Popular... This Week • Last 30 Days • Ever
If there was ever a place where the old adage “one man’s trash is another man’s... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
The median price of a home in the region in April rose to $640,000, well above the pr... read »
This week's Best New Listings includes a four-bedroom home in Hyattsville, a chic Dup... read »
The question of too many schools; the dog-friendly rental cities; and the changes afo... read »
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- DC-Area Home Prices Shatter Record in April
- Best New Listings: 140 Years in Hyattsville, 100 Years in Bethesda
- Friday's Must Reads
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