New Residential Sales Rise in April

Sales of new single-family houses increased 2.3 percent in April to a seasonally adjusted annual rate of 454,000, according to estimates released jointly by the U.S. Census Bureau and the Dept. of Housing and Urban Development. This is 29 percent above the April 2012 estimate of 352,000.

The median sales price of new houses sold in April 2013 was $271,600; the average sales price was $330,800. The seasonally adjusted estimated number of new houses for sale at the end of April was 156,000, representing a supply of 4.1 months at the current sales rate.

Carylee Stone

Distinctive Properties

858-344-2632

carylee@stonehometeam.com