New Home Sales and Prices Both Increase in Evansville According to Freshest Data
Posted on: May 06, 2013 07:11:24 AM
There was a rise in closings of new homes in the Evansville, IN market in January year-over-year, rebounding from a year-over-year decline in December 2012. New home closings moved from 12 a year earlier to 16 after the figure moved from 16 in December 2011 to 12 in December 2012.
A total of 172 new homes were sold during the 12 months that ended in January, up from 168 for the year that ended in December.
New home closings were 16 out of the 413 total closings, a move on a percentage basis from 12 of 369 a year earlier. After dropping in December from a year earlier, closings of new and existing homes jumped year-over-year in January.
Pricing and Mortgage Trends
The average price of new homes was $276,141, an increase from $213,453 a year earlier. This came after a 26.9% surge in December year-over-year.
Average mortgage size on new homes rose from $185,753 to $227,002. Average mortgage size on new homes went from $142,455 in December 2011 to $184,311 in December 2012. For new home closings, the percentage of the sale price that was being financed dipped 4.8 percentage points year-over-year to 82.2% in January 2013. This was a swing downward after a 1.7 percentage point rise in December from a year earlier.