Latest Numbers For Springfield Show New Home Closings Gain
Posted on: Mar 06, 2014 07:41:24 AM
Closings stood at 1 in December after being 0 a year earlier and remaining unchanged at 0 in November from a year earlier. New home closings moved from none a year earlier to 1 after the figure moved from none in November 2012 to none in November 2013.
Following a year-over-year decline in November, closings of new and existing homes also fell year-over-year in December.
Other Market Trends
Foreclosures and real estate owned (REO) closings fell in December from a year earlier, but remained a burden on the market. Together, foreclosures plus REO closings made up 45.6% of existing home closings, down from 52.2% a year earlier. The percentage of existing home closings involving foreclosures sank to 18.7% in December from 25.8% a year earlier and REO closings moved from 26.4% of existing home closings in December 2012 to 26.9% in December 2013.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Springfield, OH area.