In October, closings of new homes in the La Crosse, WI market increased 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.
4 of the 180 total closings were new home closings, a shift on a percentage basis from 2 out of 153 a year earlier. Following a year-over-year increase in September, closings of new and existing homes also grew year-over-year in October.
The average price for newly sold homes moved north to $237,500 from $205,800 a year ago. This followed 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 appear to be dragging the market. Together, foreclosures plus REO closings represented 9.1% of existing home closings, up from 8.6% a year earlier. The percentage of existing home closings involving foreclosures slid to 3.4% in October from 4.6% a year earlier while REO closings as a percentage of existing home closings rose to 5.7% from 4.0%.