In January, new-home sales soared, climbing to their highest point since summer 2007, according to the Commerce Department.
New-Home Sales (Annual Rate): 764,000 (+7.9% MoM, +18.6% YoY)
For-Sale Inventory: 324,000
Months’ Supply: 5.1
Average Price: $402,300
Median Price: $348,200
Source: U.S. Census Bureau
After spending decades shaping real estate’s first and most successful 100%-model brokerage into an industry powerhouse, HomeSmart Founder and CEO Matt Widdows is poised to storm the industry with a bold new brand, agent-first commitment and a powerhouse leadership team. Read more.
