New Home Prices Gain in Canton According to Newest Figures, Sales Decrease
Posted on: Aug 08, 2014 11:12:10 AM
In April, the Canton, OH market saw a fall year-over-year in new home closings, sliding after a growth in March 2014. New home closings moved from 13 a year earlier to 2 after the figure moved from 5 in March 2013 to 7 in March 2014.
A total of 134 new homes were sold during the 12 months that ended in April, down from 145 for the year that ended in March.
On a percentage basis, new home closings as a part of total closings decreased to 0.4% from 2.1% a year earlier. Closings of new and existing homes declined year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average new home value went from $206,565 last year to $262,450. This followed a 29.3% surge in March year-over-year.
From the year-ago figure of $194,975, the average mortgage size on new homes moved up to $214,453. Average mortgage size on new homes went from $184,324 in March 2013 to $187,285 in March 2014.