New home closings in the Fond du Lac, WI market were unchanged year-over-year in June, staying relatively stable after having decreased year-over-year in May. Closings remained level at 2 from a year earlier after the figure moved from 1 in May 2014 to none in May 2015.
New home closings were 2 out of the 187 total closings, same on a percentage basis as a year earlier. Following a fall in May year-over-year, closings of new and existing homes jumped year-over-year in June.
Pricing and Mortgage Trends
The average value of newly sold homes in June 2015 was $198,550, down from last year's $207,950. This followed a.
From the year-ago figure of $178,900, the average mortgage size on new homes moved up to $188,620.
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.
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in June, but did not look to be a burden on the market. Out of all existing home closings, foreclosures combined with REO closings represented 15.7% of closings, below 34.5% a year earlier. The percentage of existing home closings involving foreclosures slid to 5.9% in June from 25.1% a year earlier and REO closings moved from 9.4% of existing home closings in June 2014 to 9.7% in June 2015.