New Home Sales Drop in Fort Wayne According to Newest Data
Posted on: Aug 08, 2014 11:22:35 AM
In the Fort Wayne, IN market, new home closings sank year-over-year in April, and the decline was by a larger percentage than the March 2014. New home closings moved from 5 a year earlier to 1 after the figure moved from 5 in March 2013 to 2 in March 2014.
A total of 38 new homes were sold during the 12 months that ended in April, down from 42 for the year that ended in March.
New home closings were 1 out of the 665 total closings, a move on a percentage basis from 5 of 766 a year earlier. For new and existing homes, closings dropped in April after also declining in March year-over-year.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.
The average unit size of newly sold homes fell from 1,480 square feet a year earlier to 1,116 square feet.