Closings of new homes in the Dalton, GA market remained unchanged year-over-year in January, remaining relatively stable after moving north year-over-year in December from the year earlier. Closings remained level at none from a year earlier after the figure moved from none in December 2014 to 2 in December 2015. New home closings moved from none a year earlier to none after the figure moved from none in December 2014 to 2 in December 2015.
After rising year-over-year in December, closings of new and existing homes fell year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) closings decreased in January from a year earlier, but remained a drag on the market. Out of all existing home closings, foreclosures combined with REO closings made up 31.1% of closings, below 45.9% a year earlier. The percentage of existing home closings involving foreclosures slid to 16.5% in January from 23.9% a year earlier while REO closings as a percentage of existing home closings declined to 14.6% from 22.0% a year earlier.