New home sales disappoint in October, prices fall
Housing Wire
NOVEMBER 27, 2023
However, the share of new construction for sale in the third quarter was the highest ever recorded. single-family homes for sale in the third quarter were new construction, up from 28.9% These days, the typical new home is just 5% more expensive than the typical existing home, according to Bright MLS Chief Economist Lisa Sturtevant.
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