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Home Sales Higher, Prices Lower

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The U.S. Commerce Department reported Thursday that new home sales had climbed by 2.1 percent in September to an annual rate of 1.22-million seasonally adjusted units.

The median price for homes decreased 5.7 percent from the August level to $215,700. Sales of already existing homes did not change in September.

This sort of adjustment is common in between the summer and winter months of the year.

Information from the St. Petersburg Times was used for this report.

-John Mudd
“Mr. Real Estate”

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About Mr. Real Estate

  • doom

    home prices are completely out of whack with reality.

  • http://insiderealestatejournal.blogspot.com Mr. Real Estate

    Not here. In California and New York, though, I’d say it’s a possibility. Of course, they’re out of whack with my reality, since I sell real estate in Florida’s Tampa-Clearwater-St. Petersburg area. Everyone’s reality will be a little different, depending on where they are.