Freshest Numbers For Johnson City Show New Home Closings and Prices Rise
Posted on: Mar 06, 2014 07:20:28 AM
There was a rise in closings of new homes in the Johnson City, TN market in December year-over-year, and the increase was greater than November 2013. New home closings moved from 9 a year earlier to 19 after the figure moved from 10 in November 2012 to 16 in November 2013.
A total of 119 new homes were sold during the 12 months that ended in December, up from 109 for the year that ended in November.
New home closings were 19 of the 242 total closings, up on a percentage basis from 9 of 225 a year earlier. Closings of new and existing homes gained year-over-year in December following a fall in November year-over-year.
Pricing and Mortgage Trends
The average new home price was $210,973, up from $163,733 a year earlier. This was on the heels of a 7.8% lift in November year-over-year.
Average mortgage size on new homes rose from $147,246 to $180,855. Average mortgage size on new homes went from $233,754 in November 2012 to $208,417 in November 2013.