Flint, MI - Local Housing Data - Summary

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Flint, MI Local News

Newest Numbers For Flint Show New Home Closings and Prices Gain

Posted on: Apr 06, 2014 07:14:17 AM

New home closings gained year-over-year in December in the Flint, MI market, and the increase was greater than November 2013. New home closings moved from 5 a year earlier to 12 after the figure moved from 10 in November 2012 to 12 in November 2013.

A total of 82 new homes were sold during the 12 months that ended in December, up from 75 for the year that ended in November.

New home closings were 12 out of 702 total closings, making up 1.7%. This is up on a percentage basis from 5 of 1,458 a year earlier. Following a year-over-year rise in November, closings of new and existing homes dropped year-over-year in December.

Pricing and Mortgage Trends

The average price for newly sold homes moved north to $118,963 from $67,403 a year ago. This followed a 1.4% drop in November from a year earlier.

Average mortgage size on new homes went from $60,810 a year earlier to $109,935. Average mortgage size on new homes went from $82,937 in November 2012 to $121,129 in November 2013.

 
 
 

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