New Home Sales Remain Level in Muncie, Prices Decline According to Recent Data
Posted on: Apr 06, 2014 07:28:41 AM
New home closings in the Muncie, IN market remained steady year-over-year in January, remaining unchanged after minimal movement in December from the year earlier. Closings stayed at 1, unchanged from a year earlier after being consistent at 3 in December from the year earlier.
1 of the 118 total closings were new home closings, a shift on a percentage basis from 1 out of 195 a year earlier. Closings of new and existing homes dropped year-over-year in January after also falling in December year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $66,438, compared with $71,401 last year. This followed a.
The average mortgage size moved to $65,781, down from last year's $70,695.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in January 2014.