Muncie, IN - Latest New Home Sales Numbers Fall
Posted on: Apr 09, 2012 07:51:01 PM
Sales of new homes in the Muncie, IN market dropped 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 remaining unchanged at one in December from a year earlier.
A total of 30 new homes were sold during the 12 months that ended in January, down from 32 for the year that ended in December.
New home sales were none of the 178 total sales, down on a percentage basis from two of 133 a year earlier. After dropping in December from a year earlier, sales of new and existing homes jumped year-over-year in January.
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Other Market Trends
Foreclosures and real estate owned (REO) sales continued to increase in January from a year earlier and remained a burden on the market. Together, foreclosures plus REO sales represented 61.8% of existing home sales, up from 44.3% a year earlier. The percentage of existing home sales involving foreclosures rose to 42.7% in January from 16.0% a year earlier while REO sales as a percentage of existing home sales slipped to 19.1% from 28.2% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Muncie, IN - Latest New Home Sales Numbers Fall
Posted on: Apr 09, 2012 07:51:01 PM
Sales of new homes in the Muncie, IN market dropped 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 remaining unchanged at one in December from a year earlier.
A total of 30 new homes were sold during the 12 months that ended in January, down from 32 for the year that ended in December.
New home sales were none of the 178 total sales, down on a percentage basis from two of 133 a year earlier. After dropping in December from a year earlier, sales of new and existing homes jumped year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) sales continued to increase in January from a year earlier and remained a burden on the market. Together, foreclosures plus REO sales represented 61.8% of existing home sales, up from 44.3% a year earlier. The percentage of existing home sales involving foreclosures rose to 42.7% in January from 16.0% a year earlier while REO sales as a percentage of existing home sales slipped to 19.1% from 28.2% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence