New Home Sales Remain Level in Wausau, Prices Fall According to Recent Data
Posted on: Aug 08, 2014 11:56:05 AM
The Wausau, WI market saw no change in new home closings year-over-year in May, staying flat after dropping year-over-year in April from the year earlier. Closings remained level at 5 from a year earlier after the figure moved from 2 in April 2013 to 1 in April 2014.
5 of the 225 total closings were new home closings, consistent with the year-earlier figures in terms of percentage. Closings of new and existing homes rose year-over-year in May following a decline in April year-over-year.
Pricing and Mortgage Trends
The average new home price was $135,980, down from $205,832 a year earlier. This followed a more than threefold hike in April year-over-year.
Average mortgage size on newly sold homes saw a decline year-over-year from $173,636 to $139,543. Average mortgage size on new homes went from $85,000 in April 2013 to $838,000 in April 2014.
Other Market Trends
The share of new home closings made up by attached units has risen while the share belonging to single-family homes has fallen.