Closings of new homes in the Columbus, IN market remained steady year-over-year in September, staying flat after dropping year-over-year in August from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 3 in August 2014 to none in August 2015. Closings remained level at none from a year earlier after the figure moved from 3 in August 2014 to none in August 2015.
After dropping in August from a year earlier, closings of new and existing homes jumped year-over-year in September.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in September, but did not look to be a burden on the market. Together, foreclosures plus REO closings represented 2.1% of existing home closings, down from 31.4% a year earlier. The percentage of existing home closings involving foreclosures dropped to no part in September from 25.7% a year earlier while REO closings as a percentage of existing home closings sank to 2.1% from 5.7% a year earlier.