New Home Closings Increase in Monroe According to Latest Data
Posted on: Feb 11, 2014 07:25:04 AM
New home closings moved from none a year earlier to 7 after the figure moved from 6 in October 2012 to 7 in October 2013.
Following a year-over-year decline in October, closings of new and existing homes also declined year-over-year in November.
Other Market Trends
Foreclosures and real estate owned (REO) closings fell in November from a year earlier, but remained a burden on the market. Out of all existing home closings, foreclosures combined with REO closings made up 32.9% of closings, below 56.2% a year earlier. The percentage of existing home closings involving foreclosures sank to 11.4% in November from 35.4% a year earlier and REO closings moved from 20.8% of existing home closings in November 2012 to 21.5% in November 2013.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Monroe, MI area.