New Home Closings Steady in Battle Creek According to Freshest Figures
Posted on: Mar 06, 2014 07:03:38 AM
Closings of new homes in the Battle Creek, MI market saw no change year-over-year in December, staying flat after advancing year-over-year in November from the year earlier. Closings remained level at none from a year earlier after the figure moved from none in November 2012 to 1 in November 2013. New home closings moved from none a year earlier to none after the figure moved from none in November 2012 to 1 in November 2013.
Closings of new and existing homes jumped year-over-year in December following a drop in November year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings declined in December from a year earlier, but remained a burden on the market. Out of all existing home closings, foreclosures combined with REO closings represented 43.9% of closings, below 66.1% a year earlier. The percentage of existing home closings involving foreclosures dropped to 22.0% in December from 28.7% a year earlier while REO closings as a percentage of existing home closings fell to 22.0% from 37.4% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Battle Creek, MI area.