Mansfield, OH - Newest New Home Sales Figures Drop
Posted on: May 07, 2012 09:27:09 AM
Sales of new homes in the Mansfield, OH market sank year-over-year in January, falling after remaining level in December from the year earlier. Sales stood at zero in January after being two a year earlier and the figure was unchanged at one in December from a year earlier.
A total of 11 new homes were sold during the 12 months that ended in January, down from 13 for the year that ended in December.
New home sales represented none out of the 67 total sales, which is a smaller percentage than the two of 84 total sales a year earlier. After rising year-over-year in December, sales of new and existing homes declined year-over-year in January.
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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 represented 71.6% of sales. They accounted for 63.4% in January 2011. The percentage of existing home sales involving foreclosures rose to 46.3% in January from 39.0% a year earlier and REO sales moved from 24.4% of existing home sales in January 2011 to 25.4% in January 2012.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Mansfield, OH - Newest New Home Sales Figures Drop
Posted on: May 07, 2012 09:27:09 AM
Sales of new homes in the Mansfield, OH market sank year-over-year in January, falling after remaining level in December from the year earlier. Sales stood at zero in January after being two a year earlier and the figure was unchanged at one in December from a year earlier.
A total of 11 new homes were sold during the 12 months that ended in January, down from 13 for the year that ended in December.
New home sales represented none out of the 67 total sales, which is a smaller percentage than the two of 84 total sales a year earlier. After rising year-over-year in December, sales of new and existing homes declined year-over-year in January.
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 represented 71.6% of sales. They accounted for 63.4% in January 2011. The percentage of existing home sales involving foreclosures rose to 46.3% in January from 39.0% a year earlier and REO sales moved from 24.4% of existing home sales in January 2011 to 25.4% in January 2012.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence