Newest Figures Show New Home Prices Climb, Sales Decrease in Green Bay
Posted on: Jul 06, 2014 07:14:25 AM
New home closings slid year-over-year in March in the Green Bay, WI market, and the decline was by a larger percentage than the February 2014. New home closings moved from 17 a year earlier to 8 after the figure moved from 11 in February 2013 to 9 in February 2014.
A total of 237 new homes were sold during the 12 months that ended in March, down from 246 for the year that ended in February.
New home closings were 8 out of the 297 total closings, down on a percentage basis from 17 of 425 a year earlier. Following a year-over-year decline in February, closings of new and existing homes also slid year-over-year in March.
Pricing and Mortgage Trends
The average price of new homes rose to $258,800 from last year's $212,253. This followed a 13.6% gain in February year-over-year.
Average mortgage size on new homes rose from $182,098 to $225,908. Average mortgage size on new homes went from $124,117 in February 2013 to $180,033 in February 2014.