![New Home Sales Race to Keep Up with Demand [INFOGRAPHIC] | Simplifying The Market](http://d39ah2zlibpm3g.cloudfront.net/wp-content/uploads/2016/12/01160951/New-Construction-STM.jpg)
Some Highlights:
- 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.
- The median home price decreased slightly from September’s high of $314,100 to $304,500 in October.
- The West saw the largest month over month jump in sales at 28.7%.
Source: Kevin Meyer
