Newest Numbers Show New Home Prices Rise in Anderson, Sales Steady
Posted on: Mar 06, 2014 07:01:30 AM
New home closings in the Anderson, IN market stayed the same year-over-year in November, staying level after a year-over-year decline in October from the year earlier. Closings remained level at 2 from a year earlier after the figure moved from 3 in October 2012 to 2 in October 2013.
Out of the 263 total closings, 2 were new home closings. This is consistent on a percentage basis with a year earlier. Closings of new and existing homes slid year-over-year in November after also falling in October year-over-year.
Pricing and Mortgage Trends
The average new home value went from $152,627 last year to $214,541. This was on the heels of a 16.1% decline in October from a year earlier.
From the year-ago figure of $122,102, the average mortgage size on new homes moved up to $171,633. Average mortgage size on new homes went from $139,626 in October 2012 to $144,950 in October 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 November 2013.