New home closings in the Terre Haute, IN market were unchanged year-over-year in June, staying flat after dropping year-over-year in May from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 1 in May 2015 to none in May 2016. Closings remained level at none from a year earlier after the figure moved from 1 in May 2015 to none in May 2016.

For new and existing homes, closings slid in June after also declining in May year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in June, but did not appear to be dragging the market. Out of all existing home closings, foreclosures combined with REO closings represented 14.3% of closings, below 21.8% a year earlier. The percentage of existing home closings involving foreclosures dropped to 9.1% in June from 10.6% a year earlier while REO closings as a percentage of existing home closings fell to 5.3% from 11.3% a year earlier.

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