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According to Redfin, sale prices for newly built homes in the U.S. fell 1 percent year over year to a median of $363,900 in the first quarter of 2019, the first such drop in seven years. Sales of new.
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Homes in the lower 95% of prices also increased, seeing a 4.3% rise during last quarter. The is very much a tale of supply and demand. When looking only at homes priced over $2 million, there were 6.5.
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As Los Angeles’ median home price nears $1 million, bidding wars continue for shrinking inventory. Selma Hepp, Ph.D., chief economist and vice president-business intelligence at Pacific Union.