New Home Sales and Prices Both Increase in Saginaw According to Latest Data
Posted on: Apr 06, 2014 07:36:52 AM
Closings of new homes in the Saginaw, MI market grew year-over-year in January, but the increase was less than December 2013. New home closings moved from 3 a year earlier to 4 after the figure moved from 1 in December 2012 to 3 in December 2013.
A total of 43 new homes were sold during the 12 months that ended in January, up from 42 for the year that ended in December.
4 of the 189 total closings were new home closings, a shift on a percentage basis from 3 out of 195 a year earlier. After rising year-over-year in December, closings of new and existing homes sank year-over-year in January.
Pricing and Mortgage Trends
The average price of new homes rose to $226,128 from last year's $197,533. This followed a more than threefold lift in December year-over-year.
Average mortgage size on new homes increased to $198,197 from $172,220 last year.