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New-Home Sales Decline in 2007

By: Huntsville Real Estate Expert Mike Manosky On August 2, 2007

It was announced this week that, despite the steady increase in inventory, new home sales continued to fall through June and July.  New home sales fell 22% in June 2007 from the level they had been at in June 2006.  Meanwhile, the average new home price rose 3.7% over the previous year’s average. 

Read the full article to learn more about how this change in the market affects the overall economy. 

This is a great time to consider purchasing a new home in the Huntsville AL area – there is plenty of inventory and prices are negotiable. 

Sign up here to receive regular notices of new homes hitting the market that meet your criteria, or call me at 256-508-0211 to talk more about Huntsville real estate!

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