New home sales plummeted over 54 percent in July compared to June. July’s 43 new home sales is the lowest number since February of this year.
Resales also fell off considerably. July’s 599 sales were off nearly 27 percent compared to June. But after June’s stellar number (see Washoe County recordings – June 2010 – sales skyrocket ) the retraction should not be surprising.
Refis showed the only improvement, reversing the previous four-month slide. Refis were up more than 11 percent in July.
Click on the chart to enlarge.
Thank you to our friends at Ticor Title for providing this data.