Surprise! Sales of New Homes Rise 6.2 Percent

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 https://dc.urbanturf.com/articles/blog/surprise_sales_of_new_homes_rise_6_2_percent/1551.
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