Anderson, IN - Local Housing Data - Summary

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Anderson, IN Local News

Sales of New Homes Unchanged From a Year Ago in Anderson According to Freshest Data

Posted on: Aug 08, 2014 11:07:06 AM

The Anderson, IN market saw no change in new home closings year-over-year in April, staying flat after dropping year-over-year in March from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 4 in March 2013 to none in March 2014.

1 of the 261 total closings were new home closings, consistent with the year-earlier figures in terms of percentage. Following a year-over-year decline in March, closings of new and existing homes also slid year-over-year in April.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.

The average unit size of newly sold homes fell from 2,130 square feet a year earlier to 1,184 square feet.

Foreclosures and real estate owned (REO) closings fell in April from a year earlier, but remained a burden on the market. Foreclosures and REO closings, taken together, made up 38.1% of existing closings, lower than 49.3% a year earlier. The percentage of existing home closings involving foreclosures fell to 15.8% in April from 22.2% a year earlier while REO closings as a percentage of existing home closings dropped to 22.3% from 27.1% a year earlier.

 
 
 

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