Binghamton, NY - Newest Figures for New Home Sales Remain Level
Posted on: May 06, 2012 09:15:09 AM
The Binghamton, NY market saw no change in new home sales year-over-year in January, staying stable after little movement in December. Sales stayed at one, unchanged from a year earlier after being consistent at one in December from the year earlier.
A total of five new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
New home sales were one out of the 159 total sales, a move on a percentage basis from one of 117 a year earlier. Following a year-over-year increase in December, sales of new and existing homes also jumped year-over-year in January.
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The average price for newly sold homes moved north to $309,000 from $218,000 a year ago. This came after a 78.7% hike in December year-over-year.
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 2012. Single-family homes continued to account for all of new home sales.
Binghamton, NY - Newest Figures for New Home Sales Remain Level
Posted on: May 06, 2012 09:15:09 AM
The Binghamton, NY market saw no change in new home sales year-over-year in January, staying stable after little movement in December. Sales stayed at one, unchanged from a year earlier after being consistent at one in December from the year earlier.
A total of five new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
New home sales were one out of the 159 total sales, a move on a percentage basis from one of 117 a year earlier. Following a year-over-year increase in December, sales of new and existing homes also jumped year-over-year in January.
The average price for newly sold homes moved north to $309,000 from $218,000 a year ago. This came after a 78.7% hike in December year-over-year.
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 2012. Single-family homes continued to account for all of new home sales.
Foreclosures and real estate owned (REO) sales did not appear to be dragging the market. Combined, foreclosures plus REO sales represented 7.6% of existing home sales. They accounted for 13.8% in January 2011. The percentage of existing home sales involving foreclosures dipped to 3.8% in January from 6.9% a year earlier while REO sales as a percentage of existing home sales declined to 3.8% from 6.9% a year earlier.
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Source: Housing Intelligence