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New homes sales rise to highest level in a year

New homes sales rise to highest level in a year

by Brian Petrelli 25. November 2009 08:22

We keep seeing more and more good news being reported. It seems the media is final catching on to what we've been seeing in the market for the last few months.

I'll post the Denver numbers when they come out, but we've been beating the national numbers by about 1% for the last year or so.

 From MSNBC.com / AP :

New homes sales rise to highest level in a year

WASHINGTON - Sales of new homes posted an increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.

The Commerce Department said sales rose 6.2 percent to a seasonally adjusted annual rate of 430,000 from an upwardly revised 405,000 in September. Economists surveyed by Thomson Reuters had expected a pace of 410,000.

The median sales price of $212,200 was off 0.5 percent from $213,200 a year earlier, but up 0.7 percent from September's level of $210,700.

Read it all.

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The Brian Petrelli team focuses on residential real estate in the Metro Denver area.

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