new construction: New Construction Sales Down - 06/26/09 12:10 PM
Sales of new construction homes fell 0.6% in May from April. The median home sales price was $212,600 in April, but rose to $221,600 in May. Meanwhile inventories of these new homes continue to fall to 292,000 units for the month of May. If sales were to hold at their current pace, it would take approximately 10 months to completely clear out the inventory of unsold homes. Builders have experienced intense competition & pressure from the sale of distressed properties & foreclosure that drive prices down, overall.
Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your … (0 comments)

new construction: New Construction Homes Sales Increase - 03/27/09 11:55 AM
In February, new construction home sales increased to 337,000 units from 322,000 in January. This represents an increase of 4.7%. This was the first increase in new construction sales since July, 2008. Affordability undoubtedly played a pivotal role in the increase. The median sales price in February 2008 was $245,000 compared to a modest $200,900 this February. We must be near the trough of this economic landslide by now.
Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs!
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Gate Arty - Lakeland Florida Real Estate

Lakeland, FL

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Gate Arty & the Group - Keller Williams Realty

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