Freshest Figures Show New Home Sales and Prices Gain in Fort Wayne
Posted on: May 06, 2013 07:12:56 AM
In January, closings of new homes increased year-over-year in the Fort Wayne, IN market, and the percentage bump was sharper than December 2012, hinting that the market may be strengthening. Closings rose 30.0% from a year earlier to 26. This was after the housing market saw a 2.7% rise year-over-year in December.
A total of 402 new homes were sold during the 12 months that ended in January, up from 396 for the year that ended in December.
Out of all housing closings, new home closings represented 4.6%. As a part of the whole, new home closings were 3.9% a year earlier. Closings of new and existing homes climbed year-over-year in January following a decline in December year-over-year.
Pricing and Mortgage Trends
Average price of newly sold homes had an 8.7% rise year-over-year to $194,719 per unit in January. This rise is smaller than the 12.8% gain in December year-over-year.
The average mortgage size on newly sold homes saw a rise year-over-year along with new home prices. The average mortgage size saw a 4.0% rise year-over-year to $162,890 in January. Average mortgage size gained 10.4% in December 2012 from a year earlier. Of the overall sale price, the percentage that was being financed declined 3.8 percentage points year-over-year to 83.7% in January 2013.