Ithaca, NY - Local Housing Data - Summary

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Ithaca, NY Local News

Sales of New Homes Unchanged From a Year Ago in Ithaca According to Newest Data

Posted on: Apr 06, 2014 07:19:27 AM

The Ithaca, NY market saw no change in new home closings year-over-year in December, staying level after a year-over-year increase in November from a year earlier. New home closings moved from none a year earlier to none after the figure moved from none in November 2012 to 1 in November 2013. Closings remained level at none from a year earlier after the figure moved from none in November 2012 to 1 in November 2013.

After rising year-over-year in November, closings of new and existing homes sank year-over-year in December.

Other Market Trends

Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in December, but did not appear to be dragging the market. Combined, foreclosures plus REO closings accounted for 6.2% of existing home closings, below 8.2% a year earlier. The percentage of existing home closings involving foreclosures declined to no part in December from 8.2% a year earlier while REO closings as a percentage of existing home closings rose to 6.2% from no part.

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