Real Estate Pulse: July New Home Sales up 25%!
July New Home Sales up 25%! If you have been following SI Real Estate’s blog this year… we have been tracking the housing market from January all the way through now. As predicted, the market has been rebounding all year! The most recent news is fantastic, with New Home Sales up 25% in July 2015 versus July 2014. That is a LARGE rebound in a short amount of time. Another pertinent statistic for tracking the real estate market: we saw an increase of new home sales from June to July, up 5.4% or 26,000 more home sales in July. The numbers that were just released reflect what we are seeing here in Tampa Bay. SI Real Estate’s most recent for sale listings have been extremely active, one of which went under contract in just 6 days - pretty much for the exact listing price too. Homes priced at $750,000 + have been seeing increased activity as well. Around 6% of all new home sales in July 2015 were at the $750K+ price range. That is 3% more than June, ...