Kokomo, IN - Local Housing Data - Summary

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Kokomo, IN

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Kokomo, IN Local News

Recent Figures Show New Home Sales Level in Kokomo From Last Year

Posted on: Aug 08, 2014 11:30:13 AM

The Kokomo, IN market saw no change in new home closings year-over-year in May, staying relatively stable after having decreased year-over-year in April. New home closings moved from none a year earlier to none after the figure moved from 1 in April 2013 to none in April 2014. Closings remained level at none from a year earlier after the figure moved from 1 in April 2013 to none in April 2014.

Closings of new and existing homes declined year-over-year in May after also falling in April year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings declined in May from a year earlier, but remained a drag on the market. Out of all existing home closings, foreclosures combined with REO closings made up a quarter of closings, below 28.6% a year earlier. The percentage of existing home closings involving foreclosures rose to 16.1% in May from 11.1% a year earlier while REO closings as a percentage of existing home closings slid to 8.9% from 17.6% a year earlier.

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