If you’re looking to buy a new golf resort or beach resort community home then look no further than Bayside. Our new homes on Fenwick Island are sure to please, especially this week as the National Association of Home Builders announced that the sale of newly built, single-family homes rose an additional 2.3% in April.
“Builders are reporting an active spring buying season as consumers become more confident about going forward with a new-home purchase along with steadily firming prices in local markets,” said Rick Judson, chairman of the National Association of Home Builders (NAHB).
This comes as great news to those looking for homes in Sussex County, Delaware! The real estate market is on its way to a broad-based recovery—an accelerated trend since March, according to NAHB. Last month on reator.com, inventory levels rose 3.12% and home prices rose 2.63%.
“Due to increased demand for homes and confidence in the job market—we are beginning to see more and more buyers entering the housing market,” said Steve Berkowitz, chief executive officer of Move. “Home buying season is off to a strong start, as buyers capitalize on moderate housing prices and snatch up homes quickly. In some markets, we are seeing homes staying on the market for only a few weeks.”
In April the number of single-family homes, condos and townhomes for sale increased by 3.12% month-over-month. The median list price increased by 2.63% compared to March, and 3.12% as compared to the year prior in April 2012.
Home builders too are optimistic as builder confidence in the market for newly built, single-family homes rose three points on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This gain reflects improvement in all three index components—current sales conditions, traffic of prospective buyers and sales expectations.
“Today’s report is further evidence of the gradual, consistent improvement we have been seeing in housing market conditions over the past year. We’re now about half-way back to what could be considered a full recovery, and we do expect to see continual, solid gains in both starts and sales of new homes going forward,” added Robert Denk, senior economist for the NAHB.
Sources: National Association of Home Builders