New Home Closings and Prices in Youngstown Gain According to Latest Figures
Posted on: Apr 06, 2013 07:37:01 AM
In the Youngstown, OH market in December, closings of new homes increased year-over-year, moving up after staying consistent in November from the year earlier. Closings stood at four in December after being three a year earlier and the figure was unchanged at four in November from a year earlier.
A total of 50 new homes were sold during the 12 months that ended in December, up from 49 for the year that ended in November.
Following a year-over-year increase in November, closings of new and existing homes also climbed year-over-year in December.
Pricing and Mortgage Trends
The average per-unit price of new homes was $284,797 in December 2012, up from $107,000 a year ago. This was on the heels of a 3.8% decline in November from a year earlier.
From the year-ago figure of $78,875, the average mortgage size on new homes moved up to $277,600. Average mortgage size on new homes went from $30,000 in November 2011 to $130,000 in November 2012.