Recent Figures Show New Home Prices Gain, Sales Drop in Wausau
Posted on: Jul 06, 2014 07:39:06 AM
Closings of new homes slid year-over-year in April in the Wausau, WI market, but the decline was less than the year-over-year decline in March. New home closings moved from 2 a year earlier to 1 after the figure moved from 2 in March 2013 to none in March 2014.
New home closings were 1 out of the 164 total closings, a move on a percentage basis from 2 of 199 a year earlier. For new and existing homes, closings fell in April after also declining in March year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $1,048,000.00 from last year's $177,200. This came after a.
From the year-ago figure of $85,000, the average mortgage size on new homes moved up to $838,000.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.