New-Home Sales Show Continued Strength

Median sales price for single-family homes in ...
Median sales price for single-family homes in DC Census Tract 32 (Park View) “DC Tract Profile, Tract 32”. NeighborhoodInfo DC . . Retrieved 2010-02-16 . (Photo credit: Wikipedia)

Sales of new single-family homes rose 4.4 percent from October to November and were up 15.3 percent from a year ago.  New-home inventory tied its lowest point of the year with an estimated 149,000 new homes for sale in November, representing a 4.7 month supply.

At $246,200 the median sales price of homes sold in November was up 14.9 percent from a year ago and 3.7 percent from October, but down nearly 3 percent from 2012 peak of $253,200 in August.

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