27% Increase in New Home Sales
Finally, after four months of record low sales, new home sales surged 27% nationally from February sales and a 24% increase from the same time last year.
On Friday, the Commerce Department said that new home sales rose to a seasonally adjusted annual sales pace of 411,000 in March. It was the strongest month increase in 47 years. The median sales price was up 4% from a year earlier reaching $214,000, but down more than 3 % from February.
Full article....New home sales, Miami real estate
