New home sales fall 0.3% in October

"It’s what we are all striving for in every genus," said Jonathan Pedersen, vice president of sales and business development.

The median list price-to-Redfin Estimate ratio was 100.2 percent, which means the typical home for sale last month was priced in line with its estimated value. Today we introduced new metrics that report on off-market home values, based on data from the Redfin Estimate, Redfin’s automated home-value estimate.

 · The median home sale price was $219,600 in October, a 5.8 percent annual increase. sales fell sharply in the West and South, where prices have risen at the fastest rates this year.

 · So some of the sales that were expected to boost October actually came earlier. Compared with a year ago, U.S. sales in October were down 12 percent. The decline was even more remarkable because the median price of new homes declined in the month, which should have helped homes become more affordable.

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The average sales price was $388,000. For Sale Inventory and Months’ Supply The seasonallyadjusted estimate of new houses for sale at the end of July was 337,000. This represents a supply of 6.4 months at the current sales rate.

SPEED: Fannie Mae will directly approve short sales Fannie Mae has done an excellent job of emphasizing the long term benefit of short sales and eliminating the short term gain of stealing one commission. If Realtors know they will not have a commissionectomy, it is much more likely that they will do short sales. Thank you Fannie Mae.

New Construction Homes In Tampa? 8 Money Saving Tips When Buying A New Home In Tampa New-home sales fall 5.3 pct in June. a warning light? WASHINGTON (AP) – Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign.

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US new home sales fall 1.6% in November. THE US Commerce Department says new home sales slid 1.6 per cent in November, the second straight monthly decline. SALES of new US homes fell in November, evidence that recent job gains have yet to boost the housing sector.

Overview. This page provides national and regional data on the number of new single-family houses sold and for sale. It also provides national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics.

Zillow to acquire StreetEasy for $50M ] On Monday, Seattle-based real estate marketplace Zillow (NASDAQ: Z) announced it inked a $50 million cash deal to acquire residential real estate website StreetEasy, based in New York.

In October, the median sales price of a new home was $237,000, while the average sales price was $278,900.

New home sales have increased over the first half of the current year, primarily due to the fall in real mortgage interest rates. sales has slipped and inventories could hit a fresh low in October.

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