The La Crosse, WI market saw a drop in new home closings year-over-year in June, falling after a rise in May 2016. New home closings moved from 3 a year earlier to 2 after the figure moved from 2 in May 2015 to 5 in May 2016.
2 of the 210 total closings were new home closings, a shift on a percentage basis from 3 out of 283 a year earlier. Following a year-over-year increase in May, closings of new and existing homes sank year-over-year in June.
The average price for newly sold homes moved north to $273,000 from $198,500 a year ago. This was on the heels of a 6.5% boost in May year-over-year.
Other Market Trends
As a share of new home closings, single-family home closings have risen from last year while the share belonging to attached units has fallen.
Together, foreclosures plus REO closings represented 4.3% of existing home closings. In June 2015, they represented 4.3%. The percentage of existing home closings involving foreclosures went from 1.8% in June 2015 to 1.0% in June 2016 and REO closings moved from 2.5% of existing home closings in June 2015 to 3.4% in June 2016.