Newest Figures Show New Home Sales and Prices Rise in Evansville
Posted on: Dec 06, 2013 07:15:18 AM
The Evansville, IN market saw an increase in closings of new homes in August year-over-year, and the increase was greater than July 2013. New home closings moved from 14 a year earlier to 25 after the figure moved from 15 in July 2012 to 20 in July 2013.
A total of 185 new homes were sold during the 12 months that ended in August, up from 174 for the year that ended in July.
New home closings were 25 out of the 809 total closings, a move on a percentage basis from 14 of 557 a year earlier. Closings of new and existing homes increased year-over-year in August after also rising in July year-over-year.
Pricing and Mortgage Trends
The average new home price was $257,040, up from $196,143 a year earlier. This came after a 31.1% surge in July year-over-year.
Average mortgage size on new homes rose from $175,589 to $219,501. In July 2013, average mortgage size on newly sold homes saw a 34.9% rise year-over-year from a year earlier.