New home closings in the Fond du Lac, WI market remained steady year-over-year in August, staying flat after dropping year-over-year 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.
1 of the 150 total closings were new home closings, a shift on a percentage basis from 1 out of 116 a year earlier. Following a year-over-year increase in July, closings of new and existing homes also increased year-over-year in August.
The average price of new homes rose to $266,900 from last year's $203,000. This followed 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 increased in August from a year earlier and did not look to be a burden on the market. Foreclosures and REO closings, taken together, represented 16.1% of existing home closings, higher than 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.