Lima, OH - Recent New home Closings Remain Steady
Posted on: Sep 10, 2012 10:16:48 AM
New home closings in the Lima, OH market were unchanged year-over-year in June, staying flat after dropping year-over-year in May from the year earlier. Closings remained level at one from a year earlier after the figure moved from one in May 2011 to none in May 2012.
A total of six new homes were sold during the 12 months that ended in June, equal to the number of new homes sold for the year that ended in May.
Following a year-over-year decline in May, closings of new and existing homes also slipped year-over-year in June.
The average price for newly sold homes moved north to $225,000 from $27,000 a year ago. This followed a
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in June 2012. Single-family homes continued to account for all of new home closings.