In July, the Fond du Lac, WI market saw a decline year-over-year in new home closings, dropping after staying level in June. Closings stood at 0 in July after being 2 a year earlier and remaining unchanged at 2 in June from a year earlier.
Last year, 2 of 153 total closings were new homes, and this percentage saw a decline as new home closings this year made up none of the 190 total closings. For new and existing homes, closings grew year-over-year in July after also increasing in June year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in July, but did not look to be a burden on the market. Combined, foreclosures plus REO closings represented 17.4% of existing home closings, below 30.5% a year earlier. The percentage of existing home closings involving foreclosures slid to 6.8% in July from 9.9% a year earlier while REO closings as a percentage of existing home closings sank to 10.5% from 20.5% a year earlier.