In January, sales of newly built homes decreased significantly, dropping 10.5% from December to an annual pace of 657,000, according to the U.S. Census Bureau. Despite this dip, the median sales price rose to $446,300, marking a 3.7% annual increase and the highest January price recorded. A contrasting trend shows that smaller, more affordable homes are struggling, with sales in the $300,000 to $399,999 range declining, while higher-end homes gained market share. Seasonal weather disruptions may have influenced these sales figures.
"Much of this sales share was taken over by the $500,000 to $599,000 segment, which grew from 7% to 9% over the past month and pulled the median sales price further upmarket."
"Although both new- and existing-sales figures are seasonally adjusted, unusually brutal weather in January might have played a role, after a series of winter storms slammed much of the country."
Collection
[
|
...
]