Latest Figures Show New Home Sales Increase in Oshkosh, Prices Decrease
Posted on: Dec 06, 2013 07:35:03 AM
In September, there was an increase in closings of new homes in the Oshkosh, WI market year-over-year, rebounding from a year-over-year decline in August 2013. New home closings moved from 9 a year earlier to 12 after the figure moved from 16 in August 2012 to 12 in August 2013.
A total of 101 new homes were sold during the 12 months that ended in September, up from 98 for the year that ended in August.
12 of the 268 total closings were new home closings, a shift on a percentage basis from 9 out of 229 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 value of newly sold homes in September 2013 was $198,425, down from last year's $235,822. This came after a 6.8% rise in August year-over-year.
The average mortgage size went down to $180,384 from $219,734 a year earlier. Average mortgage size on new homes went from $171,979 in August 2012 to $202,806 in August 2013.