Freshest Figures Show New Home Sales Climb in Mansfield, Prices Drop
Posted on: Apr 06, 2013 07:21:11 AM
In the Mansfield, OH market in December, closings of new homes climbed year-over-year, and the increase was greater than November 2012. New home closings moved from one a year earlier to three after the figure moved from none in November 2011 to two in November 2012.
A total of 17 new homes were sold during the 12 months that ended in December, up from 15 for the year that ended in November.
New home closings were three out of 130 total closings, making up 2.3%. This is up on a percentage basis from one of 108 a year earlier. Closings of new and existing homes grew year-over-year in December following a decline in November year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in December 2012 was $123,725, down from last year's $223,125. This followed a shift to an average price of $209,775 in November 2012 after there were no closings in November 2011.
Average mortgage size on new homes went from $25,000 a year earlier to $125,000.