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Zillow Research·US·

New Home Sales Declined in September as Builders Focused on Inventory Management

What happened New home sales fell slightly by 0.6% to 676 thousand SAAR in September, essentially holding firm at 680 thousand in August but 5.3% below a year ago. The median price of new homes sold declined 3.9% from a year ago, to $400,400. As homebuilders delay new construction, the number of new homes on the market…

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