The latest numbers are in for the month of July:

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And while July may have dipped a bit from the numbers in June, the year-to-year numbers are significantly up. Additional proof of this is shown in inventory available in Bethesda. Normally there is usually about six months of inventory available in homes for sale at a given time. Right now in Bethesda, there is only 3.01 months of inventory available. Bethesda remains one of the hottest markets in the area and new home construction is leading the way.  To date, 31 new homes have sold in Bethesda this year, with eight more homes under contract awaiting settlement. Last year, a total of 38 new homes were sold for the entire calendar year.

The market does not seem to be slowing down as we head into September. Currently I have 13 new homes being constructed that are slated to be ready either by the end of this year or by February/March of next year. Additional information and floor plans for these homes can be found on my website: www.jeremyhomes.com. If you have any additional questions or are looking for more information, please don’t hesitate to contact to me.

If you have been following my blog since it’s inception, you know that the running theme in here has been that new construction houses are selling like hot cakes in the Washington, DC area – specifically in Bethesda, MD. Now that trend seems to be catching on across the country. Here is a clip from an article in Realtor Magazine dated June 23, 2011:

The median sales price of new homes rose to $222,600 in May, a 2.6 percent increase from April, and the first increase to new-homes’ median sales price since December of last year, the Commerce Department reported Thursday. New homes are 30 percent higher than the median sales price of existing, resale homes, which is double the normal markup, analysts say.

The article also goes on to mention that inventory on new homes is down as well:

While the prices of new homes were on the rise, inventories of new homes continued to shrink, with inventories falling to its lowest level on record (166,000 homes). Economists noted that at the May sales pace, it would take 6.2 months to clear the supply of homes off the market.

The new construction home market is getting hotter and inventory is getting harder to find. But if you are in the market for a new home, you have come to the right place. In my work with the area builders in the Bethesda area, I will have at least eleven new homes that are scheduled to be completed before the end of the year. Two of them (5515 Southwick St and 5825 Conway Rd – both Bethesda, MD 20817) are already listed in MRIS (the regional Multiple Listing Service) and are scheduled to be finished by September. Floor plans and specs for all of these houses are available on my website: www.jeremyhomes.com.

Please feel free to leave me any questions you may have about these, or any of my other listings. And stay tuned to this blog – I will keep you updated about what is going on in the New Construction Housing market in the Bethesda, MD area.