New Home Prices Rise in Janesville According to Newest Figures, Sales Decrease
Posted on: Oct 06, 2013 07:20:41 AM
In June, there was a drop year-over-year in new home closings in the Janesville, WI market, but the decline was less than the year-over-year decline in May. New home closings moved from 8 a year earlier to 5 after the figure moved from 5 in May 2012 to 3 in May 2013.
A total of 57 new homes were sold during the 12 months that ended in June, down from 60 for the year that ended in May.
5 of the 176 total closings were new home closings, a shift on a percentage basis from 8 out of 265 a year earlier. For new and existing homes, closings slid in June after also declining in May year-over-year.
The average new home value went from $136,075 last year to $181,300. This came after a 18.0% boost in May 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 June 2013.