Closings of new homes in the Fond du Lac, WI market remained steady year-over-year in August, staying level after a year-over-year decline in July from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 2 in July 2014 to none in July 2015.
New home closings were 1 out of the 150 total closings, a move on a percentage basis from 1 of 116 a year earlier. Closings of new and existing homes climbed year-over-year in August after also rising in July year-over-year.
The average new home price was $266,900, up from $203,000 a year earlier. This came after a.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in August 2015.
Foreclosures and real estate owned (REO) closings rose in August from a year earlier and did not appear to be dragging the market. Foreclosures and REO closings, taken together, accounted for 16.1% of existing home closings, up from 13.9% a year earlier. The percentage of existing home closings involving foreclosures rose to 6.0% in August from 4.3% a year earlier and REO closings moved from 9.6% of existing home closings in August 2014 to 10.1% in August 2015.