Kankakee, IL - Freshest New Home Sales Numbers Fall
Posted on: May 07, 2012 09:20:13 AM
Sales of new homes in the Kankakee, IL market sank year-over-year in January, declining after staying relatively stable in December from the year earlier. Sales stood at zero in January after being one a year earlier and the figure was unchanged at two in December from a year earlier.
A total of 21 new homes were sold during the 12 months that ended in January, down from 22 for the year that ended in December.
New home sales were none of the 64 total sales, down on a percentage basis from one of 72 a year earlier. Following a year-over-year increase in December, sales of new and existing homes dropped year-over-year in January.
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Other Market Trends
Foreclosures and real estate owned (REO) sales stayed steady in January from a year earlier, but stayed a drag on the market. Combined, foreclosures plue REO sales represented 53.1% of existing home sales, relatively unchanged from a year earlier. The percentage of existing home sales involving foreclosures fell to 21.9% in January from 26.8% a year earlier while REO sales as a percentage of existing home sales increased to 31.2% from 26.8%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Kankakee, IL - Freshest New Home Sales Numbers Fall
Posted on: May 07, 2012 09:20:13 AM
Sales of new homes in the Kankakee, IL market sank year-over-year in January, declining after staying relatively stable in December from the year earlier. Sales stood at zero in January after being one a year earlier and the figure was unchanged at two in December from a year earlier.
A total of 21 new homes were sold during the 12 months that ended in January, down from 22 for the year that ended in December.
New home sales were none of the 64 total sales, down on a percentage basis from one of 72 a year earlier. Following a year-over-year increase in December, sales of new and existing homes dropped year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) sales stayed steady in January from a year earlier, but stayed a drag on the market. Combined, foreclosures plue REO sales represented 53.1% of existing home sales, relatively unchanged from a year earlier. The percentage of existing home sales involving foreclosures fell to 21.9% in January from 26.8% a year earlier while REO sales as a percentage of existing home sales increased to 31.2% from 26.8%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence