Check Out the Latest Numbers Show Prices of New Homes Increase in Jackson, Sales Decrease
Posted on: Apr 09, 2014 07:01:27 AM
In the Jackson, MS market, closings of new homes fell year-over-year in January, dropping after a year-over-year increase in December 2013. New home closings moved from 23 a year earlier to 12 after the figure moved from 17 in December 2012 to 22 in December 2013.
A total of 280 new homes were sold during the 12 months that ended in January, down from 291 for the year that ended in December.
New home closings were 12 out of the 100 total closings, down on a percentage basis from 23 of 152 a year earlier. Following a year-over-year increase in December, closings of new and existing homes declined year-over-year in January.
Pricing and Mortgage Trends
The average new home price was $300,155, up from $266,803 a year earlier. This followed a period of stability in December from a year earlier.
Average mortgage size on new homes went from $229,705 a year earlier to $244,113. Average mortgage size increased 3.5% in December 2013 from a year earlier.