New home closings in the Barnstable Town, MA market were unchanged year-over-year in May, staying relatively stable after having decreased year-over-year in April. Closings remained level at none from a year earlier after the figure moved from 3 in April 2015 to none in April 2016. New home closings moved from none a year earlier to none after the figure moved from 3 in April 2015 to none in April 2016.
Following a year-over-year increase in April, closings of new and existing homes dropped year-over-year in May.
Other Market Trends
Out of all existing home closings, foreclosures combined with REO closings made up 14.2% of closings. They represented 14.3% in May 2015. The percentage of existing home closings involving foreclosures slid to 5.0% in May from 7.5% a year earlier while REO closings as a percentage of existing home closings increased to 9.2% from 6.7%.