As the New Year quickly approaches, you may be contemplating buying a home or selling the one you already own. We’re here to deliver the latest news regarding the real estate market so you can make an intelligent decision when it comes time to buy or sell your home.
According to the latest data released from the U.S. Census Bureau, new home sales for the month of September decreased 3.6 percent from August 2009. Additionally, the September 2009 data was 7.8 percent below the September 2008 data. On a positive note, the average sales price of a new home increased from $256,800 in August to $282,600 in September 2009. This serves as an indicator that the market is slowly but surely recovering.
For the full release, check out http://www.census.gov/const/newressales.pdf
Interested in buying or selling property in Palm Springs or the Coachella Valley? Contact Patrick Stewart Properties today.