Recent Numbers For Harrisburg Show New Home Closings and Prices Climb
Posted on: Feb 11, 2014 07:15:17 AM
The Harrisburg, CA market saw a rise in new home closings in November year-over-year, but there were signs the market may be stabilizing with a percentage bump shallower than October 2013. New home closings saw a 1.8% jump from a year earlier to 56. In comparison, new home closings in the same month last year saw a 5.6% rise year-over-year in October.
A total of 725 new homes were sold during the 12 months that ended in November, up from 724 for the year that ended in October.
Of the total number of closings, new home closings made up 11.8%. As a part of the whole, new home closings were 11.0% a year earlier. Following a year-over-year rise in October, closings of new and existing homes declined year-over-year in November.
Pricing and Mortgage Trends
The average price of new homes jumped year-over-year 7.8% in November to $323,051 per unit. This boost compares to a 12.3% decline in October from a year earlier.
There was a surge year-over-year in the average mortgage size on new homes along with new home prices. In November 2013, the average mortgage size on newly sold homes saw a 2.2% lift from a year earlier. In October 2013, average mortgage size on newly sold homes saw a 9.1% fall from a year earlier.