Clarksville, TN-KY - Local Housing Data - Summary

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Clarksville, TN-KY Local News

Freshest Figures Show New Home Sales and Prices Climb in Clarksville

Posted on: Apr 06, 2014 07:08:26 AM

There was an increase in closings of new homes in the Clarksville, TN-KY market in January year-over-year, and the market seemed to be hinting at bolstering with a percentage boost stronger than December 2013. Closings gained 42.4% from a year earlier to 47. This followed a 1.7% rise year-over-year in December.

A total of 712 new homes were sold during the 12 months that ended in January, up from 698 for the year that ended in December.

New home closings accounted for 11.5% of overall housing closings. This is an increase on a percentage basis, as new home closings were 7.9% of total closings a year ago. Following a year-over-year increase in December, closings of new and existing homes fell year-over-year in January.

Pricing and Mortgage Trends

In January, there was a 4.5% boost year-over-year in the average price of newly sold homes, reaching $212,936 per unit. This bump is smaller than the 11.2% lift in December year-over-year.

For newly sold homes, the average mortgage size increased year-over-year along with new home prices. In January 2014, the average mortgage size on newly sold homes saw a 7.8% rise from a year earlier. In December 2013, average mortgage size on newly sold homes saw a 10.2% surge year-over-year from a year earlier.

 
 
 

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