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Home / Inside Tract / Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July (access required)

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July (access required)

Sales of newly-built homes climbed 10.1% year over year in July, recovering to pre-pandemic levels, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Sales of existing homes rose just 5.3% in the same month. Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least ...

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