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Muskegon, MI Local News

Muskegon, MI - Freshest Figures for New Home Sales Fall Year-Over-Year in February After Climbing Year-Over-Year in January

Posted on: May 07, 2012 09:30:29 AM

In the Muskegon, MI market in February, sales of new homes slid year-over-year, falling after a rise in January 2012. New home sales moved from three a year earlier to two after the figure moved from three in January 2011 to seven in January 2012.

A total of 61 new homes were sold during the 12 months that ended in February, down from 62 for the year that ended in January.

New home sales were two out of the 168 total sales, a move on a percentage basis from three of 160 a year earlier. After dropping in January from a year earlier, sales of new and existing homes increased year-over-year in February.

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Pricing and Mortgage Trends

The average price of new homes sold in February 2012 rose to $155,399 from the year-earlier figure of $96,000. This was on the heels of a 65.1% decline in January from a year earlier.

Average mortgage size on new homes went from $87,264 a year earlier to $151,455. Average mortgage size on new homes went from $202,303 in January 2011 to $101,303 in January 2012.

 
 
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