July 2018

Census: New Home Sales For July Slide To 627,000 Annual Rate

The Census Bureau reported new home sales for July at a seasonally adjusted annual rate of 627,000. That translates to a 1.7% decline from June's pace but up 12.8% year-over-year. The median price of a new home contracted in July was $328,700, an increase of 1.7%. The average price of a new home sold (contracted) in July posted at $394,300, a rise of 5.9%. The July figures for new home sales were below estimates, and that year-over-year increase is a bit misleading. July of last year was a very poor month for new home sales, [...]

Denton TX Home Sales Hit The Breaks In July

Denton TX home sales hit the breaks in July. It would appear that the summer selling season peaked a little sooner than normal in the Denton County area this year. It looks like both the city of Denton and the greater Denton County area saw home sales volume peak in June. Closed home sales in the city of Denton are off by 20 percent according to preliminary stats this morning. Pending home sales in Denton are off by 10 percent. Denton County looks like it will squeak out a 1 percent sales increase for July, [...]

By |2018-09-21T09:28:46+00:00August 12th, 2018|Denton TX Real Estate, Economy, Texas Real Estate|0 Comments
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