Most Active Stories
- Paducah Officials Stay Quiet as Alleged BBQ Festival, Store Violations Come to Light
- Eastern Oregon University President Bob Davies is One of Two Presidential Finalists
- Weather Related Closings
- Northern State University President James Smith is Second MSU Presidential Finalist
- Weather Related Closings for Tuesday, March 4
Wed September 26, 2012
New Home Sales Were Flat In August, But Prices Rose Sharply
While the number of new homes sold in August was barely changed from July, the median sales price was up sharply, the Census Bureau and Department of Housing and Urban Development report. So the news adds to other recent signs, including Tuesday's report about higher home prices in major cities, of a recovering housing sector.
According to the report, new homes sold at an annual rate of 373,000 last month — vs. 374,000 in July. The median sales price, though, was $256,900. That was up 11.2 percent from the month before.