Freshest Figures Show New Home Sales and Prices Increase in Youngstown
Posted on: Jul 06, 2014 07:40:38 AM
New home closings in the Youngstown, OH market jumped year-over-year in March,. Closings stood at 4 in March after being 2 a year earlier and remaining unchanged at 6 in February from a year earlier.
A total of 66 new homes were sold during the 12 months that ended in March, up from 64 for the year that ended in February.
New home closings were 4 out of the 561 total closings, a move on a percentage basis from 2 of 544 a year earlier. Closings of new and existing homes gained year-over-year in March following a drop in February year-over-year.
Pricing and Mortgage Trends
The average new home value went from $122,500 last year to $150,694. This came after a 48.1% fall in February from a year earlier.
From the year-ago figure of $92,000, the average mortgage size on new homes moved up to $144,467. Average mortgage size on new homes went from $183,500 in February 2013 to $48,500 in February 2014.