Metro East REIA
- Dec 1, 2020
- 1 min read

New Home Sales in October Up 41.5% from 2019

The U.S. Government is reporting that sales of new single-family houses in October, 2020 were at a seasonally adjusted annual rate of 999,000 which is 0.3% lower than September’s revised rate, and is 41.5% higher than one year ago. The median sales price of new houses sold in October was $330,600 with an average sales price of $386,200. There were an estimated 278k new houses for sale at the end of October representing a 3.3–month supply at the current sales rate. Continue reading HERE...

Recent Posts

See All

Your Guide to the Renter’s Bill of Rights – Parts 1 & 2

Recently, the Biden Administration released its Blueprint for the Renters Bill of Rights. On two recent episodes of the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discu

Existing-Home Sales Surge 14.5% in February

The National Association of Realtors is reporting that existing home sales were up 14.5% in February to a seasonally-adjusted annual rate of 4.58 million (down 22.6% year over year). Total housing in

Federal Judge Halts Biden Administration Waters Rule in Texas & Idaho

Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of the US rule (aka WOTUS). However, the injunction only applies