Prices of New Homes Increase in Canton, Sales Steady According to Newest Figures
Posted on: May 06, 2013 07:05:27 AM
The Canton, OH market saw no change in new home closings year-over-year in January, staying level after a year-over-year increase in December from a year earlier. Closings remained level at eight from a year earlier after the figure moved from four in December 2011 to seven in December 2012.
A total of 108 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
Following a year-over-year increase in December, closings of new and existing homes also increased year-over-year in January.
Pricing and Mortgage Trends
The average new home price was $213,713 in January 2013, up from $180,867 a year earlier. This came after a 2.3% decline in December from a year earlier.
From the year-ago figure of $169,329, the average mortgage size on new homes moved up to $205,075. Average mortgage size on new homes went from $168,875 in December 2011 to $137,246 in December 2012.