What Happened In The Month Of December?
What the data tells us:
New Home Sales: Sales fell 7% in December and were down for the second consecutive month.
Price: New home prices still rose in December despite the softer demand reflected in New Home Sales. The typical new home sold for $270,200 in December. However, because the price of new homes reflects pressure from construction costs, the existing home could be a better buy.
Speed-Of-Sale: It took 3.2 months to sell a new home compared to over 12 months at the housing market crash lows.
Whatever the data suggests to you, there are still opportunities and the Skyrise Real Estate Group is here to help you make sense of it all. Reach out to us and we’ll be happy to share our experience and genuine desire to smooth the real estate walk for you and your loved ones.
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