New Home Sales Remain Level in Rockford, Prices Decrease According to Latest Data
Posted on: Dec 06, 2013 07:40:02 AM
Closings of new homes in the Rockford, IL market saw no change year-over-year in August, remaining relatively stable after moving north year-over-year in July from the year earlier. Closings remained level at 7 from a year earlier after the figure moved from 3 in July 2012 to 5 in July 2013.
A total of 70 new homes were sold during the 12 months that ended in August, equal to the number of new homes sold for the year that ended in July.
7 of the 557 total closings were new home closings, consistent with the year-earlier figures in terms of percentage. Following a year-over-year rise in July, closings of new and existing homes sank year-over-year in August.
Pricing and Mortgage Trends
The average per-unit price of new homes was $176,433, compared with $197,414 last year. This came after a 4.0% decline in July from a year earlier.
From the year-ago figure of $127,448, the average mortgage size on new homes moved up to $137,982. It went from $122,367 to $122,615 from July 2012 to July 2013.