Latest Numbers For Toledo Show New Home Closings and Prices Increase
Posted on: Apr 06, 2014 07:43:01 AM
There was a rise in closings of new homes in the Toledo, OH market in December year-over-year, rebounding from a year-over-year decline in November 2013. New home closings moved from 11 a year earlier to 17 after the figure moved from 12 in November 2012 to 11 in November 2013.
A total of 110 new homes were sold during the 12 months that ended in December, up from 104 for the year that ended in November.
New home closings were 17 out of the 757 total closings, a move on a percentage basis from 11 of 714 a year earlier. Closings of new and existing homes gained year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
The average new home price was $222,785, up from $190,658 a year earlier. This was on the heels of a 8.0% surge in November year-over-year.
The average mortgage size moved to $178,381, down from last year's $226,337. Average mortgage size on new homes went from $169,288 in November 2012 to $236,454 in November 2013.