Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.
The median home price decreased slightly from September’s high of $314,100 to $304,500 in October.
The West saw the largest month over month jump in sales at 28.7%.
https://www.briankludt.com/wp-content/uploads/2016/12/New-Construction-STM.jpg20001275BrianKludtTeamhttps://www.briankludt.com/wp-content/uploads/2018/06/brian-kludt-mortgage-team-header-logo-ccm.pngBrianKludtTeam2016-12-02 05:00:522016-12-02 05:00:52New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]