New Home Sales are on the Rise!

new homesAccording to an article from Reuters.com on April 23, 2013, the sale of new single-family homes has been on the rise and the housing market appears to still be improving. The Commerce Department stated that sales increased 1.5% to a seasonally adjusted annual rate of 417,000 units. The median sales price for a new home has also risen to $247,000 which is 3% greater than the price a year ago. Sales in the Northeast rose 20.6% and 19.4% in the South during the month of March. As much of the economy is determined by the condition of the housing market, this is good news to hear!

Find Your New Essex Home »