Freshest Figures Show New Home Sales and Prices Rise in Evansville
Posted on: Apr 06, 2014 07:13:21 AM
New home closings in the Evansville, IN market climbed year-over-year in December, but the increase was less than November 2013. New home closings moved from 10 a year earlier to 12 after the figure moved from 13 in November 2012 to 17 in November 2013.
A total of 204 new homes were sold during the 12 months that ended in December, up from 202 for the year that ended in November.
New home closings were 12 of the 343 total closings, up on a percentage basis from 10 of 501 a year earlier. Following a year-over-year decline in November, closings of new and existing homes also declined year-over-year in December.
Pricing and Mortgage Trends
The average new home price was $213,058, up from $204,095 a year earlier. This was on the heels of a 60.8% lift in November year-over-year.
Average mortgage size on newly sold homes saw a decline year-over-year from $182,435 to $177,631. Average mortgage size on new homes went from $129,484 in November 2012 to $205,997 in November 2013.