New Home Prices Climb in Oshkosh According to Latest Figures, Sales Decrease
Posted on: Aug 08, 2014 11:40:54 AM
In the Oshkosh, WI market, new home closings dropped year-over-year in May, a decline following a rise in April 2014. New home closings moved from 8 a year earlier to 5 after the figure moved from 3 in April 2013 to 5 in April 2014.
A total of 85 new homes were sold during the 12 months that ended in May, down from 88 for the year that ended in April.
New home closings were 5 out of the 244 total closings, a move on a percentage basis from 8 of 266 a year earlier. For new and existing homes, closings declined in May after also declining in April year-over-year.
Pricing and Mortgage Trends
The average new home value went from $208,825 last year to $251,260. This was on the heels of a 12.7% bump in April year-over-year.
From the year-ago figure of $163,887, the average mortgage size on new homes moved up to $222,698. Average mortgage size on new homes went from $202,042 in April 2013 to $210,270 in April 2014.