【Zillow】August New Home Sales: A Very Strong Showing

• August new home sales rose 7.1% from July and 18 percent from August 2018, to 713,000 sales (SAAR), according to the U.S. Census Bureau. The monthly gain is particularly notable given upward revisions to initially reported July data.
• The median price of new homes sold in August was $328,400, up 2.2% from a year ago.
• Inventory of new homes for sale rose 2.5% from a year ago, to 326,000 – a supply of 5.5 months at current rates.

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