New Home Closings and Prices in Johnson City Increase According to Latest Figures
Posted on: Dec 06, 2013 07:23:12 AM
In the Johnson City, TN market, new home closings rose year-over-year in September, rebounding from a year-over-year decline in August 2013. New home closings moved from 3 a year earlier to 15 after the figure moved from 11 in August 2012 to 10 in August 2013.
A total of 96 new homes were sold during the 12 months that ended in September, up from 84 for the year that ended in August.
New home closings were 15 of the 279 total closings, up on a percentage basis from 3 of 194 a year earlier. Closings of new and existing homes grew year-over-year in September after also rising in August year-over-year.
Pricing and Mortgage Trends
The average new home value went from $184,967 last year to $200,620. This came after a 19.6% rise in August year-over-year.
There was a decline in average mortgage size on new homes, going from $186,416 last year to $182,179 in September 2013. Average mortgage size on new homes went from $147,496 in August 2012 to $199,340 in August 2013.