New Home Prices Increase in Oshkosh According to Newest Figures, Sales Drop
Posted on: Apr 06, 2014 07:31:35 AM
In the Oshkosh, WI market, new home closings fell year-over-year in January, dropping after staying level in December. Closings stood at 3 in January after being 5 a year earlier and remaining unchanged at 6 in December from a year earlier.
A total of 98 new homes were sold during the 12 months that ended in January, down from 100 for the year that ended in December.
3 of the 131 total closings were new home closings, a shift on a percentage basis from 5 out of 159 a year earlier. After remaining steady in December from a year earlier, closings of new and existing homes slid year-over-year in January.
Pricing and Mortgage Trends
The average new home price was $189,233, up from $184,220 a year earlier. This followed a 13.2% gain in December year-over-year.
Average mortgage size on newly sold homes saw a decline year-over-year from $161,279 to $92,445. Average mortgage size on new homes went from $138,426 in December 2012 to $209,647 in December 2013.