Closings of new homes in the Lewiston, ID market remained unchanged year-over-year in May, staying flat after dropping year-over-year in April from the year earlier. Closings remained level at none from a year earlier after the figure moved from 3 in April 2015 to none in April 2016. New home closings moved from none a year earlier to none after the figure moved from 3 in April 2015 to none in April 2016.
Closings of new and existing homes fell year-over-year in May after also falling in April year-over-year.
Other Market Trends
Together, foreclosures plus REO closings made up 2.7% of existing home closings. In May 2015, they represented 2.6%. The percentage of existing home closings involving foreclosures stayed at 0.9% of closings in May from a year earlier and REO closings as a percentage of existing home closings stayed level at 1.8%.