by KERRI PANCHUK
New single-family home sales edged up 1.6% in November when compared to the previous month, a government report said Friday.
The Commerce Department said home sales hit an annual rate of 315,000 units, up from 310,000 in October and 287,000 in November 2010.
Meanwhile, the median sales price for a new home in November hovered at $214,000, while the average sales price hit $242,900.
The adjusted rate of new homes for sale at the end of November hit 158,000, creating a six-month supply of homes at the current rate.
URL to original article: http://www.housingwire.com/2011/12/23/new-home-sales-edge-up-1-6
For further information on Fresno Real Estate check: http://www.londonproperties.com
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