New Home Sales Level from Last Year, Prices Fall in Michigan City - July 2014
Posted on: Jul 08, 2014 07:01:57 AM
The Michigan City, IN market saw no change in new home closings year-over-year in April, staying level after a year-over-year decline in March from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 3 in March 2013 to none in March 2014.
1 of the 138 total closings were new home closings, a shift on a percentage basis from 1 out of 172 a year earlier. Closings of new and existing homes slid year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $186,500, compared with $237,500 last year. This followed a.
The average mortgage size moved to $149,200, down from last year's $190,000.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.