New Home Sales and Prices Decline in Dayton According to Recent Data
Posted on: Aug 08, 2014 11:17:33 AM
In the Dayton, OH market in April, new home closings dropped year-over-year, but the decline was less than the year-over-year decline in March. New home closings moved from 20 a year earlier to 3 after the figure moved from 22 in March 2013 to 1 in March 2014.
New home closings were 3 out of the 1,197 total closings, down on a percentage basis from 20 of 1,513 a year earlier. For new and existing homes, closings sank in April after also declining in March year-over-year.
Pricing and Mortgage Trends
The average new home price was $211,267, down from $234,859 a year earlier. This followed a move from $240,417 per unit to $241,300 from March 2013 to March 2014.
Average mortgage size on newly sold homes saw a decline year-over-year from $222,816 to $182,223. Average mortgage size on new homes went from $205,977 in March 2013 to $193,000 in March 2014.
Other Market Trends
The share of new home closings made up by attached units has risen while the share belonging to single-family homes has fallen.