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U.S. Commerce Department: New home sales jump 87.5 percent for Northeast in May

Jun 25, 2015
Sales of new single-family homes in the Northeast during May rose an impressive 87.5 percent to 30,000, according to the U.S. Commerce Department. April’s revised annual rate was 16,000.
 
Nationally, new home sales were at a seasonally adjusted annual rate of 546,000, up 2.2 percent from April and 19.5 percent above the May 2014 total of 457,000.
 
To read the entire U.S. Commerce Department press release, click here.
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Buyer demand drives median price growth as fewer homes available for sale in New York State

Strong buyer demand, coupled with the ongoing decline in the number of homes for sale, fueled a 7.8 percent increase in the April statewide median sales price. Click here to read more.

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