New Home ConstructionThe signs of an improving real estate market continue in our northeast Florida golf community. Strong increases in pending home sales, decreases in inventory and higher median prices are welcome signs.  The improvements in real estate sales activity dovetails with an increase in new home construction by major national homebuilders.  Says Sherry Davidson, President of Davidson Realty, “Pending sales are very encouraging.  We wrote over 2,100 contracts in May which was a 36 percent gain over last May.  Meanwhile inventory is down year-to-date over 30 percent.”

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