Kokomo, IN - Freshest New home Sales Remain Steady
Posted on: Jan 10, 2012 09:17:58 AM
New home sales in the Kokomo, IN market stayed the same year-over-year in October, staying level after a year-over-year decline in September from the year earlier. Sales remained level at none from a year earlier after the figure moved from two in September 2010 to none in September 2011.
A total of five new homes were sold during the 12 months that ended in October, equal to the number of new homes sold for the year that ended in September.
Sales of new and existing homes rose year-over-year in October after also rising in September year-over-year.
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Other Market Trends
Foreclosures and real estate owned (REO) sales remained a burden on the market. Out of all existing home sales, foreclosures combined with REO sales accounted for 55.5% of sales. They represented 52.6% in October 2010. The percentage of existing home sales involving foreclosures went from 32.2% in October 2010 to 31.6% in October 2011 and REO sales as a percentage of existing home sales increased to 23.9% from 20.4%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Kokomo, IN - Freshest New home Sales Remain Steady
Posted on: Jan 10, 2012 09:17:58 AM
New home sales in the Kokomo, IN market stayed the same year-over-year in October, staying level after a year-over-year decline in September from the year earlier. Sales remained level at none from a year earlier after the figure moved from two in September 2010 to none in September 2011.
A total of five new homes were sold during the 12 months that ended in October, equal to the number of new homes sold for the year that ended in September.
Sales of new and existing homes rose year-over-year in October after also rising in September year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) sales remained a burden on the market. Out of all existing home sales, foreclosures combined with REO sales accounted for 55.5% of sales. They represented 52.6% in October 2010. The percentage of existing home sales involving foreclosures went from 32.2% in October 2010 to 31.6% in October 2011 and REO sales as a percentage of existing home sales increased to 23.9% from 20.4%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence