Recent Figures Show New Home Prices Gain, Sales Fall in Anderson
Posted on: Dec 06, 2013 07:02:16 AM
New home closings in the Anderson, IN market fell year-over-year in August, falling after a rise in July 2013. New home closings moved from 2 a year earlier to 1 after the figure moved from 1 in July 2012 to 2 in July 2013.
New home closings were 1 out of the 281 total closings, a move on a percentage basis from 2 of 379 a year earlier. After rising year-over-year in July, closings of new and existing homes dropped year-over-year in August.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $182,105 from $164,732 a year ago. This was on the heels of a 48.9% drop in July from a year earlier.
From the year-ago figure of $131,786, the average mortgage size on new homes moved up to $145,684. Average mortgage size on new homes went from $188,870 in July 2012 to $93,317 in July 2013.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in August 2013.