Newest Numbers For Terre Haute Show New Home Closings and Prices Increase
Posted on: Apr 06, 2014 07:42:51 AM
There was a rise in closings of new homes in the Terre Haute, IN market in December year-over-year, rebounding from a year-over-year decline in November 2013. New home closings moved from 1 a year earlier to 2 after the figure moved from 3 in November 2012 to 1 in November 2013.
New home closings were 2 out of the 143 total closings, a move on a percentage basis from 1 of 214 a year earlier. Closings of new and existing homes slid year-over-year in December after also falling in November year-over-year.
Pricing and Mortgage Trends
The average new home value went from $162,500 last year to $267,906. This was on the heels of a 54.7% fall in November from a year earlier.
Average mortgage size on new homes went from $130,000 a year earlier to $214,325. Average mortgage size on new homes went from $110,373 in November 2012 to $78,300 in November 2013.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in December 2013.