Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses were at a seasonally adjusted annual rate of 295,000, 2.3 percent below July’s rate but 6.1 percent above August of last year. The median sales price of new homes sold in August was $209,100; the average sales price was $246,000. The estimate of new houses for sale at the end of August was 162,000, a 6.6-month supply at the current sales rate. A six-month supply of single-family homes is considered healthy for the housing market. For more information call Brendan Fontaine at 207-514-0855. More here and here.
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Category: Housing Market
Tagged: Auburn, Brendan Fontaine, Bureau, census bureau, current sales, Development, estimate, Home,
Maine, median sales price, Mortgage, New, new houses, new single family, rate, Real Estate, Reliant Mortgage Company, sale, Show, single family houses, u s census, u s census bureau, Urban
