Glens Falls, NY - Local Housing Data - Summary

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Glens Falls, NY Local News

Sales of New Homes Unchanged From a Year Ago in Glens Falls According to Recent Data

Posted on: Aug 08, 2014 11:23:14 AM

Closings of new homes in the Glens Falls, NY market saw no change year-over-year in April, staying flat after dropping year-over-year in March from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in March 2013 to none in March 2014. New home closings moved from none a year earlier to none after the figure moved from 1 in March 2013 to none in March 2014.

Following a year-over-year increase in March, closings of new and existing homes declined year-over-year in April.

Other Market Trends

Foreclosures and real estate owned (REO) closings rose in April from a year earlier and did not appear to be dragging the market. Foreclosures and REO closings, taken together, represented 19.8% of existing home closings, up from 10.0% a year earlier. The percentage of existing home closings involving foreclosures rose to 12.1% in April from 5.8% a year earlier while REO closings as a percentage of existing home closings rose to 7.7% from 4.2%.

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