New home closings in the Goldsboro, NC market were unchanged year-over-year in November, staying level after a year-over-year increase in October from a year earlier. Closings remained level at 10 from a year earlier after the figure moved from 8 in October 2014 to 11 in October 2015.

A total of 137 new homes were sold during the 12 months that ended in November, equal to the number of new homes sold for the year that ended in October.

Last year, 10 of 89 total closings were new homes, and this percentage saw a decline as new home closings this year made up 10 of the 111 total closings. Following a year-over-year increase in October, closings of new and existing homes also rose year-over-year in November.

Pricing and Mortgage Trends

The average price of new homes rose to $197,460 from last year's $170,160. This came after a 9.1% fall in October from a year earlier.

The average mortgage size on new homes was $184,596, up from $167,805. Average mortgage size on new homes went from $195,467 in October 2014 to $156,711 in October 2015.

Other Market Trends

As a share of new home closings, single-family home closings have risen from last year while the share belonging to attached units has fallen.

Foreclosures and real estate owned (REO) closings declined in November from a year earlier, but stayed a drag on the market. Out of all existing home closings, foreclosures combined with REO closings accounted for 31.7% of closings, below 34.2% a year earlier. The percentage of existing home closings involving foreclosures rose to 17.8% in November from 13.9% a year earlier while REO closings as a percentage of existing home closings slid to 13.9% from 20.3% a year earlier.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Goldsboro, NC area.