New Home Closings Steady in Fond du Lac According to Freshest Figures
Posted on: Aug 08, 2014 11:21:54 AM
The Fond du Lac, WI market saw no change in new home closings year-over-year in April, staying flat after advancing year-over-year in March from the year earlier. New home closings moved from none a year earlier to none after the figure moved from none in March 2013 to 1 in March 2014. Closings remained level at none from a year earlier after the figure moved from none in March 2013 to 1 in March 2014.
Following a year-over-year decline in March, closings of new and existing homes also sank year-over-year in April.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in April, but did not look to be a burden on the market. Foreclosures and REO closings, taken together, represented 21.8% of existing closings, lower than 39.3% a year earlier. The percentage of existing home closings involving foreclosures went from 16.3% in April 2013 to 15.4% in April 2014 and REO closings as a percentage of existing home closings declined to 6.4% from 23.0% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Fond du Lac, WI area.