Newest Figures Show New Home Sales and Prices Decline in Bloomington
Posted on: Dec 06, 2013 07:05:34 AM
In the Bloomington, IN market in August, new home closings sank year-over-year, but the decline was less than the year-over-year decline in July. New home closings moved from 7 a year earlier to 5 after the figure moved from 2 in July 2012 to none in July 2013.
5 of the 247 total closings were new home closings, a shift on a percentage basis from 7 out of 254 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 per-unit price of new homes was $250,944, compared with $264,093 last year. This was on the heels of a.
Average mortgage size on new homes increased to $235,004 from $44,500 last year.
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.