Rockford, IL - Local Housing Data - Summary

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Rockford, IL Local News

Check Out the Latest Figures Show New Home Sales Level from Last Year, Prices Fall in Rockford

Posted on: Apr 09, 2014 07:01:47 AM

Closings of new homes in the Rockford, IL market saw no change year-over-year in December, staying level after a year-over-year decline in November from the year earlier. Closings remained level at 3 from a year earlier after the figure moved from 9 in November 2012 to 6 in November 2013.

A total of 59 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.

3 of the 433 total closings were new home closings, consistent with the year-earlier figures in terms of percentage. Following a year-over-year decline in November, closings of new and existing homes also sank year-over-year in December.

Pricing and Mortgage Trends

The average per-unit price of new homes was $213,800, compared with $273,044 last year. This followed a 16.2% lift in November year-over-year.

There was a decline in average mortgage size on new homes, going from $266,258 last year to $190,985 in December 2013. Average mortgage size on new homes went from $213,773 in November 2012 to $154,957 in November 2013.

 
 
 

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