New home closings in the Terre Haute, IN market remained steady year-over-year in April, staying flat after dropping year-over-year in March from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in March 2015 to none in March 2016. New home closings moved from none a year earlier to none after the figure moved from 1 in March 2015 to none in March 2016.

Closings of new and existing homes grew year-over-year in April following a decline in March year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in April, but did not appear to be dragging the market. Combined, foreclosures plus REO closings made up 20.3% of existing home closings, below 26.9% a year earlier. The percentage of existing home closings involving foreclosures dropped to 9.3% in April from 13.0% a year earlier while REO closings as a percentage of existing home closings fell to 11.0% from 13.9% a year earlier.

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