New Home Sales at 5 Month Lows #orlandorealestate #newconstruction

New Home Sales Newsflash! 🚨🏠

August saw a dip in sales for newly constructed single-family homes, trailing behind July's spirited numbers. 📉 While these latest figures are a modest 5.8% above August 2022's 638,000-unit rate, they've missed the forecasted target of 699,000 annual units. 🎯😓

Raw data? In August, 54,000 homes found new owners, compared to 61,000 in the sunny month of July. ☀️🔽

Now, here's a silver lining for homebuyers: 💰 Sale prices have experienced a modest decrease over the past year. Come August, the median home price sat at $430,300—yes, that's a tidy $10,000 drop from the previous year! 💸⬇️

It's clear: While sales have experienced a few hiccups, it's still a dynamic market. Changes are afoot, and we'll be keenly watching.

#HomeSalesUpdate #AugustDip #MarketTrends2023 #PriceDropAlert

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