New Home Sales and Prices Both Climb in Evansville According to Recent Data
Posted on: Mar 06, 2014 07:13:25 AM
There was a rise in closings of new homes in the Evansville, IN market in November year-over-year, and the increase was greater than October 2013. New home closings moved from 13 a year earlier to 16 after the figure moved from 16 in October 2012 to 18 in October 2013.
A total of 195 new homes were sold during the 12 months that ended in November, up from 192 for the year that ended in October.
New home closings were 16 out of 411 total closings, making up 3.9%. This is up on a percentage basis from 13 of 624 a year earlier. Closings of new and existing homes dropped year-over-year in November after also falling in October year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $246,057 from last year's $153,058. This came after a 13.0% gain in October year-over-year.
Average mortgage size on new homes went from $129,484 a year earlier to $205,997. In October 2013, average mortgage size rose 9.1% from a year earlier.