Wausau, WI - Local Housing Data - Summary

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Wausau, WI Local News

New Home Closings and Prices in Wausau Fall According to Latest Figures

Posted on: Apr 06, 2014 07:45:24 AM

New home closings in the Wausau, WI market sank year-over-year in January, and the decline was similar to December 2013. New home closings moved from 4 a year earlier to 2 after the figure moved from 4 in December 2012 to 2 in December 2013.

New home closings were 2 out of the 99 total closings, a move on a percentage basis from 4 of 144 a year earlier. For new and existing homes, closings slid in January after also declining in December year-over-year.

Pricing and Mortgage Trends

The average per-unit price of new homes was $134,784, compared with $162,667 last year. This followed a 68.4% bump in December year-over-year.

The average mortgage size moved to $132,305, down from last year's $181,450. Average mortgage size on new homes went from $172,316 in December 2012 to $308,700 in December 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 January 2014.

 
 
 

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