New Home Sales Remain Level in Fond du Lac, Prices Fall According to Recent Data
Posted on: Oct 06, 2013 07:14:28 AM
The Fond du Lac, WI market saw no change in new home closings year-over-year in June, staying level after a year-over-year decline in May from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 3 in May 2012 to none in May 2013.
New home closings were 1 out of the 101 total closings, a move on a percentage basis from 1 of 143 a year earlier. Following a year-over-year rise in May, closings of new and existing homes declined year-over-year in June.
The average value of newly sold homes in June 2013 was $205,900, down from last year's $210,000. This followed a.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in June 2013.
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in June, but did not appear to be dragging the market. Combined, foreclosures plus REO closings represented 19.0% of existing home closings, below 20.4% a year earlier. The percentage of existing home closings involving foreclosures sank to 9.0% in June from 11.3% a year earlier and REO closings moved from 9.2% of existing home closings in June 2012 to 10.0% in June 2013.