(Jeff Sorg, OnlineEd) – The U.S. Census Bureau and Department of Housing and Urban Development jointly released their report that the sale of new single-family houses were at a seasonally adjusted annual rate of 412,000 for July 2014. This is 2.4 percent below the June 2014, but remains 12.3 percent above the July 2013 amount of just 367,000.
Given the seasonally adjusted estimate of new houses for sale at the end of July was 205,000, this represents a 6.09 month supply at the current rate of sales. The median price of new houses sold in July 2014 was $269,800; the average sales price was $339,100.
For more information about OnlineEd and their education for real estate and mortgage brokers, visit www.OnlineEd.com.
This article was published on August 26, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.
Jeff Sorg is a co-founder of OnlineEd®, an online real estate, mortgage broker, and vocational school founded in 1997, where he also serves as Chief Executive Officer, and School Director. Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses and has been awarded the International Distance Education Certification Center’s CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus in the National Association, Life Member award in Portland Metro Association and Chairperson of the Oregon Real Estate Forms Committee.
OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.