In the Sheboygan, WI market in September, new home closings dropped year-over-year, dropping after staying level in August. Closings stood at 0 in September after being 1 a year earlier and remaining unchanged at 0 in August from a year earlier. New home closings moved from 1 a year earlier to none after the figure moved from none in August 2014 to none in August 2015.
New home closings were none out of the 169 total closings, a move on a percentage basis from 1 of 166 a year earlier. For new and existing homes, closings rose year-over-year in September after also increasing in August year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in September, but did not look to be a burden on the market. Combined, foreclosures plus REO closings made up 18.9% of existing home closings, below 22.4% a year earlier. The percentage of existing home closings involving foreclosures went from 7.9% in September 2014 to 7.7% in September 2015 and REO closings as a percentage of existing home closings sank to 11.2% from 14.5% a year earlier.