The Wall Street Journal reported that new-home sales increased 11% in June from the previous month, the third increase in a row. Sales rose to 384,000 at a seasonally adjusted annual rate, the highest level since November, supplying fresh evidence housing is beginning to stabilize after falling off a cliff late last year. Year-over-year, new-home sales were 21% lower than the level in June 2008.
In Moore County, NC area, we witnessed an increase from 56 homes sold in May at an average price of $226,197 to 84 in June at an average price of $251,602. Interesting to note that in June 08, there were 81 homes sold at an average price of $284,843.
This information further confirms that all real estate is local... For localized and market specific information go to www.PinehurstRealEstate.us and/or contact us.
Thank you for your interest and the privilege of serving you!
With our highest regard,
Wayne and Lynda Gomillion
"The Pinehurst Home Team"
"The friendship and referrals of those we serve is the foundation of our success"
Member of the Real Estate Intelligence Network
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