New Home Sales are on the Rise!

new homesAccording to an article from 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!

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