New Single-family Home Sales Drop

According to nationalmortgagenews the sale of new single-family homes dropped in February 4.6 percent from January on a seasonally-adjusted annual rate (SAAR) to 411,000, although last month’s sales still rose 12.3 percent over February 2012. The seasonally adjusted number of new homes available at the end of February hit 152,000, the equivalent of a 4.4 month supply. MHProNews has learned the median sales price of a home sold in February was $246,800, and the average sales price was $313,700.

(Image credit: Mike Irwin/wenatcheeworld)

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