Closings of new homes in the Lewiston, ID market saw no change year-over-year in May, staying level after a year-over-year decline in April from the year earlier. 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 remained level at none from a year earlier after the figure moved from 3 in April 2015 to none in April 2016.
For new and existing homes, closings fell in May after also declining in April year-over-year.
Other Market Trends
Out of all existing home closings, foreclosures combined with REO closings represented 2.7% of closings. They accounted for 2.6% in May 2015. 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%.