Sales of New Homes Unchanged From a Year Ago in Decatur According to Newest Data
Posted on: Dec 06, 2013 07:12:21 AM
Closings of new homes in the Decatur, IL market saw no change year-over-year in September, staying flat after dropping year-over-year in August from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 1 in August 2012 to none in August 2013. Closings remained level at none from a year earlier after the figure moved from 1 in August 2012 to none in August 2013.
Following a year-over-year rise in August, closings of new and existing homes dropped year-over-year in September.
Other Market Trends
Foreclosures and real estate owned (REO) closings declined in September from a year earlier, but remained a drag on the market. Out of all existing home closings, foreclosures combined with REO closings represented 33.3% of closings, below 38.2% a year earlier. The percentage of existing home closings involving foreclosures fell to 15.2% in September from 24.4% a year earlier while REO closings as a percentage of existing home closings gained to 18.1% from 13.7%.
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