New home closings in the Sheboygan, WI market were unchanged year-over-year in July, staying relatively stable after having decreased year-over-year in June. New home closings moved from none a year earlier to none after the figure moved from 1 in June 2014 to none in June 2015. Closings remained level at none from a year earlier after the figure moved from 1 in June 2014 to none in June 2015.
After rising year-over-year in June, closings of new and existing homes declined year-over-year in July.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in July, but did not appear to be dragging the market. Together, foreclosures plus REO closings made up 13.6% of existing home closings, down from 25.5% a year earlier. The percentage of existing home closings involving foreclosures slid to 6.8% in July from 11.5% a year earlier while REO closings as a percentage of existing home closings sank to 6.8% from 13.9% a year earlier.