Fond du Lac, WI - Recent Figures for New Home Sales Suggest Market Drop is Subsiding
Posted on: Apr 09, 2012 07:27:43 PM
New home sales in the Fond du Lac, WI market sank year-over-year in December, but the decline was less than the year-over-year decline in November. New home sales moved from four a year earlier to one after the figure moved from one in November 2010 to none in November 2011.
A total of 14 new homes were sold during the 12 months that ended in December, down from 17 for the year that ended in November.
New home sales were one of the 74 total sales, down on a percentage basis from four of 53 a year earlier. Sales of new and existing homes climbed year-over-year in December after also rising in November year-over-year.
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Other Market Trends
As a share of new home sales, single-family home sales have risen from last year while the share belonging to attached units has fallen. Single-family home sales made up all of new sales after accounting for no part of sales a year earlier. Meanwhile, attached units made up no part of new sales after making up all of sales a year earlier.
Foreclosures and real estate owned (REO) sales remained a burden on the market. Out of all existing home sales, foreclosures combined with REO sales accounted for 27.4% of sales. They made up 18.4% in December 2010. The percentage of existing home sales involving foreclosures rose to 11.0% in December from 8.2% a year earlier while REO sales as a percentage of existing home sales increased to 16.4% from 10.2%.
Fond du Lac, WI - Recent Figures for New Home Sales Suggest Market Drop is Subsiding
Posted on: Apr 09, 2012 07:27:43 PM
New home sales in the Fond du Lac, WI market sank year-over-year in December, but the decline was less than the year-over-year decline in November. New home sales moved from four a year earlier to one after the figure moved from one in November 2010 to none in November 2011.
A total of 14 new homes were sold during the 12 months that ended in December, down from 17 for the year that ended in November.
New home sales were one of the 74 total sales, down on a percentage basis from four of 53 a year earlier. Sales of new and existing homes climbed year-over-year in December after also rising in November year-over-year.
Other Market Trends
As a share of new home sales, single-family home sales have risen from last year while the share belonging to attached units has fallen. Single-family home sales made up all of new sales after accounting for no part of sales a year earlier. Meanwhile, attached units made up no part of new sales after making up all of sales a year earlier.
Foreclosures and real estate owned (REO) sales remained a burden on the market. Out of all existing home sales, foreclosures combined with REO sales accounted for 27.4% of sales. They made up 18.4% in December 2010. The percentage of existing home sales involving foreclosures rose to 11.0% in December from 8.2% a year earlier while REO sales as a percentage of existing home sales increased to 16.4% from 10.2%.
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Source: Housing Intelligence