New Home Sales and Prices Decline in Dayton According to Newest Data
Posted on: May 06, 2013 07:09:07 AM
In the Dayton, OH market, closings of new homes declined year-over-year in January, and the decline was by a larger percentage than the December 2012. New home closings moved from 19 a year earlier to 10 after the figure moved from 40 in December 2011 to 31 in December 2012.
A total of 440 new homes were sold during the 12 months that ended in January, down from 449 for the year that ended in December.
New home closings were 10 of the 267 total closings, up on a percentage basis from 19 of 819 a year earlier. Following a year-over-year decline in December, closings of new and existing homes also slid year-over-year in January.
Pricing and Mortgage Trends
The average new home price was $214,450 in January 2013, down from $295,658 a year earlier. This came after a 1.7% rise in December year-over-year.
Average mortgage size on new homes fell from $258,252 to $227,953. Average mortgage size fell 1.7% in December 2012 from a year earlier.