South Bend, IN - Local Housing Data - Summary

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South Bend, Mishawaka, IN, MI

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South Bend, IN Local News

Latest Figures Show New Home Sales Climb in South Bend

Posted on: Apr 06, 2014 07:40:16 AM

There was an increase in new home closings in the South Bend, IN market in January year-over-year, but the increase was less than December 2013. New home closings moved from 2 a year earlier to 3 after the figure moved from 3 in December 2012 to 6 in December 2013.

A total of 82 new homes were sold during the 12 months that ended in January, up from 81 for the year that ended in December.

New home closings were 3 out of the 339 total closings, a move on a percentage basis from 2 of 352 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 for new homes was $216,930, moving from $215,495 last year. This followed a 8.9% surge in December year-over-year.

Average mortgage size on new homes rose from $188,138 to $203,000. Average mortgage size on new homes went from $136,128 in December 2012 to $140,000 in December 2013.

 
 
 

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