Newest Numbers Show New Home Sales Fall in La Crosse
Posted on: Mar 07, 2013 07:19:35 AM
In the La Crosse, WI market in November, closings of new homes fell year-over-year, falling after remaining level in October from the year earlier. Closings stood at zero in November after being one a year earlier and remaining unchanged at zero in October from a year earlier.
A total of nine new homes were sold during the 12 months that ended in November, down from 10 for the year that ended in October.
New home closings were none of the five total closings, down on a percentage basis from one of 87 a year earlier. Closings of new and existing homes sank year-over-year in November after also falling in October year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to increase in November from a year earlier and stayed a drag on the market. Foreclosures and REO closings, taken together, accounted for all of existing home closings, up from 11.6% a year earlier. The percentage of existing home closings involving foreclosures rose to 60.0% in November from 7.0% a year earlier while REO closings as a percentage of existing home closings climbed to 40.0% from 4.7%.
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