Newest Figures Show New Home Sales Increase in Anderson
Posted on: May 06, 2013 07:01:33 AM
Closings of new homes grew year-over-year in January in the Anderson, IN market, rebounding from a year-over-year decline in December 2012. New home closings moved from one a year earlier to three after the figure moved from four in December 2011 to none in December 2012.
A total of 23 new homes were sold during the 12 months that ended in January, up from 21 for the year that ended in December.
New home closings were three out of 204 total closings, making up 1.5%. This is up on a percentage basis from one of 221 a year earlier. Closings of new and existing homes declined year-over-year in January after also falling in December year-over-year.
Pricing and Mortgage Trends
The average price for new homes in January 2013 was $138,420, a shift from $137,500 last year. This came after a set of periods with no new home closings in both December 2012 or December 2011
Average mortgage size on new homes increased to $120,247 from $110,000 last year.