Danville, IL - Freshest New home Sales Remain Steady
Posted on: Dec 06, 2011 09:15:44 AM
New home sales in the Danville, IL market remained steady year-over-year in August, staying relatively stable after having decreased year-over-year in July. Sales remained level at none from a year earlier after the figure moved from one in July 2010 to none in July 2011.
In the 12 months ending August 2011, there were one new home sales, equal to the annualized number in July.
Following a year-over-year decline in July, sales of new and existing homes also declined year-over-year in August.
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Other Market Trends
Foreclosures and real estate owned (REO) sales fell in August from a year earlier, but remained a burden on the market. Foreclosures and REO sales, taken together, made up 27.8% of existing sales, lower than 44.7% of sales a year earlier. The percentage of existing home sales belonging to foreclosures fell to 22.2% of sales in August from 27.7% a year earlier while REO sales sank to 5.6% of existing sales from 17.0% of sales a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Danville, IL - Freshest New home Sales Remain Steady
Posted on: Dec 06, 2011 09:15:44 AM
New home sales in the Danville, IL market remained steady year-over-year in August, staying relatively stable after having decreased year-over-year in July. Sales remained level at none from a year earlier after the figure moved from one in July 2010 to none in July 2011.
In the 12 months ending August 2011, there were one new home sales, equal to the annualized number in July.
Following a year-over-year decline in July, sales of new and existing homes also declined year-over-year in August.
Other Market Trends
Foreclosures and real estate owned (REO) sales fell in August from a year earlier, but remained a burden on the market. Foreclosures and REO sales, taken together, made up 27.8% of existing sales, lower than 44.7% of sales a year earlier. The percentage of existing home sales belonging to foreclosures fell to 22.2% of sales in August from 27.7% a year earlier while REO sales sank to 5.6% of existing sales from 17.0% of sales a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence