In the La Crosse, WI market in October, closings of new homes climbed year-over-year, rebounding from a year-over-year decline in September 2015. New home closings moved from 2 a year earlier to 4 after the figure moved from 2 in September 2014 to 1 in September 2015.
A total of 32 new homes were sold during the 12 months that ended in October, up from 30 for the year that ended in September.
New home closings were 4 out of the 180 total closings, a move on a percentage basis from 2 of 153 a year earlier. Closings of new and existing homes increased year-over-year in October after also rising in September year-over-year.
The average new home value went from $205,800 last year to $237,500. This came after a.
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 rose in October from a year earlier and did not look to be a burden on the market. Foreclosures and REO closings, taken together, accounted for 9.1% of existing home closings, higher than 8.6% a year earlier. The percentage of existing home closings involving foreclosures fell to 3.4% in October from 4.6% a year earlier while REO closings as a percentage of existing home closings jumped to 5.7% from 4.0%.