Sales of new single-family homes dropped nationwide yet again in May, while the Valley saw a slight uptick in sales for April.Sales fell to a seasonally-adjusted annual rate of 915,000 units last month, down 1.6 percent from April and 15.8 percent below May 2006, according to the U.S. Census Bureau.In the Valley, 3,135 new homes were sold in May, up from 2,945 in April, a report released Wednesday by analyst RL Brown shows. Still, local sales last month were down 26 percent from the month before.The national median new home price was $236,100.

This entry was posted on Wednesday, June 27th, 2007 at 4:31 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.