Freshest Figures Show New Home Sales and Prices Gain in Harrisburg
Posted on: May 06, 2013 07:15:14 AM
New home closings grew year-over-year in February in the Harrisburg, CA market, swinging upward off a decline in January 2013. New home closings saw a 21.2% jump from a year earlier to 40 after closings slumped 57.9% in January from the year earlier.
A total of 570 new homes were sold during the 12 months that ended in February, up from 563 for the year that ended in January.
New home closings made up 11.6% of overall housing closings. This marks a rise from 9.6% of total closings a year earlier. Following a decline in January year-over-year, closings of new and existing homes increased year-over-year in February.
Pricing and Mortgage Trends
In February, the average price of newly sold homes rose year-over-year to $291,375 per unit, a 4.7% rise. This rise is smaller than the 16.1% gain in January year-over-year.
In February 2013, average mortgage size on newly sold homes moved from $228,414 to $228,046 from February 2012. In January 2013, average mortgage size on newly sold homes saw a 10.2% bump year-over-year from a year earlier. Of the overall sale price, the percentage that was being financed declined 3.8 percentage points year-over-year to 78.3% in February 2013.