Sheboygan, WI - Latest Figures for New Home Sales Drop
Posted on: May 07, 2012 09:46:33 AM
In February, the Sheboygan, WI market saw a decline year-over-year in new home sales, falling after remaining level in January from the year earlier. Sales stood at zero in February after being one a year earlier and remaining unchanged at one in January from a year earlier.
A total of 24 new homes were sold during the 12 months that ended in February, down from 25 for the year that ended in January.
New home sales accounted for none of the 103 total sales, a smaller percentage compared with one of 84 sales a year earlier. For new and existing homes, sales jumped year-over-year in February after also increasing in January year-over-year.
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Other Market Trends
Foreclosures and real estate owned (REO) sales remained a drag on the market. Together, foreclosures plus REO sales accounted for 56.3% of existing home sales. They made up 49.4% in February 2011. The percentage of existing home sales involving foreclosures rose to 29.1% in February from 16.9% a year earlier while REO sales as a percentage of existing home sales dipped to 27.2% from 32.5% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Sheboygan, WI - Latest Figures for New Home Sales Drop
Posted on: May 07, 2012 09:46:33 AM
In February, the Sheboygan, WI market saw a decline year-over-year in new home sales, falling after remaining level in January from the year earlier. Sales stood at zero in February after being one a year earlier and remaining unchanged at one in January from a year earlier.
A total of 24 new homes were sold during the 12 months that ended in February, down from 25 for the year that ended in January.
New home sales accounted for none of the 103 total sales, a smaller percentage compared with one of 84 sales a year earlier. For new and existing homes, sales jumped year-over-year in February after also increasing in January year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) sales remained a drag on the market. Together, foreclosures plus REO sales accounted for 56.3% of existing home sales. They made up 49.4% in February 2011. The percentage of existing home sales involving foreclosures rose to 29.1% in February from 16.9% a year earlier while REO sales as a percentage of existing home sales dipped to 27.2% from 32.5% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence