New Home Closings and Prices in Muncie Gain According to Recent Figures
Posted on: Dec 06, 2013 07:32:10 AM
Closings of new homes grew year-over-year in September in the Muncie, IN market, rebounding from a year-over-year decline in August 2013. New home closings moved from 1 a year earlier to 2 after the figure moved from 1 in August 2012 to none in August 2013.
New home closings were 2 out of the 274 total closings, a move on a percentage basis from 1 of 202 a year earlier. For new and existing homes, closings climbed year-over-year in September after also increasing in August year-over-year.
Pricing and Mortgage Trends
The average new home value went from $128,826 last year to $227,862. This followed a.
Average mortgage size on new homes increased to $198,933 from $103,061 last year.
Other Market Trends
There was no change in the composition of the new-home market with regard to the types of properties sold in September 2013.