The Newest Numbers Indicate New Home Closings and Prices Drop Numbers in Terre Haute
Posted on: Feb 14, 2014 02:06:56 PM
Closings of new homes in the Terre Haute, IN market slid year-over-year in October, but the decline was less than the year-over-year decline in September. New home closings moved from 2 a year earlier to 1 after the figure moved from 1 in September 2012 to none in September 2013.
New home closings were 1 out of the 181 total closings, a move on a percentage basis from 2 of 210 a year earlier. Following a period of little movement in September from a year earlier, closings of new and existing homes slid year-over-year in October.
Pricing and Mortgage Trends
The average value of newly sold homes in October 2013 was $174,048, down from last year's $373,243. This followed a.
The average mortgage size went down to $177,600 from $298,595 a year earlier.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in October 2013.