This Chart shows Total Home dollar sales and New Home Dollar sales for the 12 months ended November of each of the last ten years.
Yearly sales New vs. Used The new market is shrinking as a % of the total market, and should continue to do so until used inventory starts to get back to “normal”.
New sales dollars as a % of total, is down at 31% (annual).
New Home Sales down in all price categories inventory(Active Listings) is going down in absolute numbers, but remaining high in Months of inventory. This reflects the lower number of sales and competition with the Resale market. While months of inventory has generally improved in price categories under $600,000, it has deteriorated in the higher priced categories. (Note the abnormal increase in number of active new homes in the $800,000 to $900,000 range)
Price distribution note two price levels showing real improvement $100,000-$200,000 (in number of active listings, not months of inventory) and $300,000 -$400,000 Mostly impacted by national pull out?? Don’t know. Above $400,000 it is really tough and the Used inventory is quite rough….
Builders Selling 20 or more (last year we used 30) Note higher relative inventory for “none” (Note that this compilation is subject to how well the information about builder names is entered in the MLS system.)
Top markets, Hoover, Bluff park, Riverchase remains top dog (in New Home sales) Note a few green areas showing year over year increases..I would not look for a repeat this year. See my special report on the web on just the Hoover, Bluff Park, Riverchase market.
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