Closings of new homes in the Fond du Lac, WI market remained steady year-over-year in May, staying flat after dropping year-over-year in April from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in April 2015 to none in April 2016. New home closings moved from none a year earlier to none after the figure moved from 1 in April 2015 to none in April 2016.

Closings of new and existing homes rose year-over-year in May following a fall in April year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in May, but did not look to be a burden on the market. Together, foreclosures plus REO closings made up 14.0% of existing home closings, down from 21.7% a year earlier. The percentage of existing home closings involving foreclosures fell to 3.7% in May from 13.8% a year earlier while REO closings as a percentage of existing home closings grew to 10.4% from 7.9%.

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