Kokomo, IN - Local Housing Data - Summary

Change location:

Region

State

City

Kokomo, IN

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Kokomo, IN Local News

New Home Sales Decrease in Kokomo According to Latest Data

Posted on: Jul 06, 2014 07:18:53 AM

In the Kokomo, IN market in April, new home closings dropped year-over-year, falling after remaining level in March from the year earlier. Closings stood at 0 in April after being 4 a year earlier and remaining unchanged at 1 in March from a year earlier.

On a percentage basis, new home closings as a part of total closings decreased to no part from 2.1% a year earlier. For new and existing homes, closings dropped in April after also declining in March year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings fell in April from a year earlier, but stayed a drag on the market. Together, foreclosures plus REO closings accounted for 25.6% of existing home closings, down from 36.4% a year earlier. The percentage of existing home closings involving foreclosures went from 10.7% in April 2013 to 9.8% in April 2014 and REO closings as a percentage of existing home closings fell to 15.9% from 25.7% a year earlier.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Kokomo, IN area.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.