Sales of new homes drop 6.9% in April from March’s 11-year high

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The median sales price of new homes sold was $342,200 and the average sales price was $393,700. The seasonally adjusted estimate of new homes for sale by the end of the month was 332,000 in April, representing a supply of 5.9 months at the current sales rate.

Property sales in Spain stood at 50,659 transactions in March, a year-on-year fall of 2.9%, according to data from the General Council of Notaries. By type of property, the sale of flats showed a strong year-on-year drop of 5.4%. The fall can be attributed to a drop in sales of both new apartments (-9.3%) and second-hand (-6.2%).

How hot is Mesa County’s housing market? Just look at the number of new homebuyers Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

The FTSE 100 was subdued as investor sentiment in the UK failed to match positivity in the US, where the dow jones jumped after the Federal Reserve chief suggested a rate cut could be on the cards..

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Sales of new U.S. homes cooled in April from an 11-year high amid a surge in prices, adding to signs of softness in housing at the start of the quarter. Single-family home sales fell 6.9% to a 673,000 annualized pace, close to economist estimates following an upwardly revised March reading of 723,000, government data showed Thursday.

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New Home Sales dipped 6.9% in April, but that’s compared to March’s 11-year high. The 673,000 annual rate is still 7% ahead of a year ago and the 14.6% boost in units sold before construction began signals strong demand.

New-house sales fell 6.9% to a 673,000 annualized pace last month from March’s upwardly revised rate of 723,000. Even with the decline, April’s level sits 7% higher than a year ago.

 · Last month’s median price was up 2.9% over February, but a 6.9% drop from the $685,000 median a year ago, according to The Press Democrat’s March housing report compiled by.