Newest Numbers For Saginaw Show New Home Closings and Prices Gain
Posted on: Mar 06, 2014 07:36:54 AM
In December, closings of new homes increased year-over-year in the Saginaw, MI market, and the increase was greater than November 2013. New home closings moved from 1 a year earlier to 3 after the figure moved from 3 in November 2012 to 4 in November 2013.
A total of 41 new homes were sold during the 12 months that ended in December, up from 39 for the year that ended in November.
New home closings were 3 out of the 256 total closings, a move on a percentage basis from 1 of 219 a year earlier. After dropping in November from a year earlier, closings of new and existing homes gained year-over-year in December.
The average price of new homes was $252,067, an increase from $45,000 a year earlier. This was on the heels of a 63.3% fall in November from a year earlier.
Other Market Trends
The share of new home closings made up by attached units has risen while the share belonging to single-family homes has fallen.