Recent Figures Show New Home Sales and Prices Climb in Canton
Posted on: Apr 06, 2014 07:06:23 AM
In the Canton, OH market in December, new home closings gained year-over-year, but the increase was less than November 2013. New home closings moved from 9 a year earlier to 10 after the figure moved from 5 in November 2012 to 11 in November 2013.
A total of 165 new homes were sold during the 12 months that ended in December, up from 164 for the year that ended in November.
New home closings were 10 out of the 441 total closings, a move on a percentage basis from 9 of 478 a year earlier. After rising year-over-year in November, closings of new and existing homes dropped year-over-year in December.
Pricing and Mortgage Trends
The average price of new homes was $239,940, an increase from $194,778 a year earlier. This was on the heels of a 28.0% surge in November year-over-year.
Average mortgage size on new homes went from $161,096 a year earlier to $230,472. Average mortgage size on new homes went from $20,800 in November 2012 to $176,351 in November 2013.