New Home Sales Remain Level in Terre Haute, Prices Decrease According to Latest Data
Posted on: May 06, 2013 07:36:43 AM
Closings of new homes in the Terre Haute, IN market remained unchanged year-over-year in January, staying level after a year-over-year increase in December from a year earlier. Closings remained level at one from a year earlier after the figure moved from none in December 2011 to one in December 2012.
A total of 19 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
For new and existing homes, closings declined in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in January 2013 was $199,500, down from last year's $234,122. This followed a shift to an average price of $162,500 in December 2012 after there were no closings in December 2011.
There was a decline in average mortgage size on new homes, going from $238,900 last year to $159,600 in January 2013.