New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]

Some Highlights:

1. Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.

2. The median home price decreased slightly from September’s high of $314,100 to $304,500 in October.

3. The West saw the largest month over month jump in sales at 28.7%.