New Home Closings and Prices in Oshkosh Increase According to Freshest Figures
Posted on: Jul 06, 2014 07:27:23 AM
New home closings gained year-over-year in April in the Oshkosh, WI market, rebounding from a year-over-year decline in March 2014. New home closings moved from 4 a year earlier to 5 after the figure moved from 11 in March 2013 to 7 in March 2014.
A total of 96 new homes were sold during the 12 months that ended in April, up from 95 for the year that ended in March.
5 of the 206 total closings were new home closings, a shift on a percentage basis from 4 out of 225 a year earlier. Closings of new and existing homes declined year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $236,960 from $206,975 a year ago. This followed a 24.9% gain in March year-over-year.
Average mortgage size on new homes rose from $190,781 to $210,270. Average mortgage size on new homes went from $148,252 in March 2013 to $211,853 in March 2014.