New Home Closings and Prices in Canton Rise According to Freshest Figures
Posted on: Dec 06, 2013 07:07:20 AM
In the Canton, OH market, closings of new homes climbed year-over-year in August,. Closings stood at 21 in August after being 7 a year earlier and remaining unchanged at 11 in July from a year earlier.
A total of 127 new homes were sold during the 12 months that ended in August, up from 113 for the year that ended in July.
New home closings were 21 of the 667 total closings, up on a percentage basis from 7 of 580 a year earlier. Closings of new and existing homes jumped year-over-year in August after also rising in July year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $237,433, an increase from $211,300 a year earlier. This came after a 28.0% bump in July year-over-year.
Average mortgage size on new homes rose from $179,295 to $219,246. Average mortgage size on new homes went from $169,940 in July 2012 to $221,073 in July 2013.