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New Home Sales Down by 33%

By Pam Keen

Real Estate Broker/Owner with Realty Masters of FL and Keller Wiliams

June 24, 2010 03:31 AM

Worst new home sales....in decades.

How bad? May new home sales dropped by nearly 33%. Lowest housing numbers EVER were in 1981...and its predicted that this past May's numbers will be the worst...ever. Not a great time to be a new home builder.

I have also noted that pending sales listed in our MLS service in the greater Pensacola area were down by about 40% form May's numbers in 2009 so that may translate into fewer June closings in our area. June is usually one of our better months, but I have nto seen it to be so sgood this year. And we are on the Gulf Coast so the oil spill can't be helping our numbers.

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Carolyn Kolba

Serving Mentor, and all of Lake County, Ohio - Mentor, OH

Keller Williams Realty- Mentor, Ohio

Pam, it should not be surprising that May and June numbers have dropped, and are continuing to drop. The Tax Credit pushed many folks who were going to buy... into doing it so they could get the tax credit... and now that is gone. We are just going to have to wait for the market to catch back up.

Jun 24, 2010 03:42 AM

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Pam Keen

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