In the Great Falls, MT market in July, closings of new homes sank year-over-year, sliding after a growth in June 2015. New home closings moved from 2 a year earlier to none after the figure moved from 2 in June 2014 to 3 in June 2015.
New home closings were none out of the 156 total closings, down on a percentage basis from 2 of 128 a year earlier. After dropping in June from a year earlier, closings of new and existing homes grew year-over-year in July.
Other Market Trends
Out of all existing home closings, foreclosures combined with REO closings made up 10.3% of closings. They accounted for 10.3% in July 2014. The percentage of existing home closings involving foreclosures went from 4.0% in July 2014 to 3.2% in July 2015 and REO closings moved from 6.3% of existing home closings in July 2014 to 7.1% in July 2015.