New Market Data

Nationwide home sale reports for November came out yesterday and today, and both brought good news! Sale of new homes increase 5.5% over October and existing-home sales increased 5.6%. Although unemployment remains high, this report perhaps reflects increased consumer confidence. Average sale price also increased 1.2% over last year, a further indication that the market may have hit the bottom. Of the four regions in the national report, the Western Region reported the biggest gain, increasing 11.7% of the previous months sales.