After the election, Zonda’s report indicated that consumer confidence in home shopping rebounded, with 10% of builders noting an uptick in market activity.
Zonda revealed that in November, 75% of new home projects provided some form of incentive on quick move-in supplies, significantly motivating buyers.
The November sales activity was 15.7% higher year over year and 17% above 2019 levels, indicating a notable recovery in the new-home market.
Average prices for new homes showed mixed results: high-end homes rose to $913,999 while entry-level homes decreased 2.2%, showcasing varied market dynamics.
#housing-market #consumer-confidence #2024-presidential-election #new-home-sales #real-estate-trends
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