Ithaca, NY - Newest New home Sales Remain Steady
Posted on: May 07, 2012 09:18:23 AM
New home sales in the Ithaca, NY market were unchanged year-over-year in January, staying flat after dropping year-over-year in December from the year earlier. Sales remained level at none from a year earlier after the figure moved from one in December 2010 to none in December 2011.
A total of 12 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.
After rising year-over-year in December, sales of new and existing homes slipped year-over-year in January.
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Other Market Trends
Foreclosures and real estate owned (REO) sales did not appear to be dragging the market. Combined, foreclosures plus REO sales made up 2.4% of existing home sales. In January 2011, they represented 4.5%. The percentage of existing home sales involving foreclosures rose to 2.4% in January from no part a year earlier while REO sales as a percentage of existing home sales dipped to no part from 4.5% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Ithaca, NY - Newest New home Sales Remain Steady
Posted on: May 07, 2012 09:18:23 AM
New home sales in the Ithaca, NY market were unchanged year-over-year in January, staying flat after dropping year-over-year in December from the year earlier. Sales remained level at none from a year earlier after the figure moved from one in December 2010 to none in December 2011.
A total of 12 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.
After rising year-over-year in December, sales of new and existing homes slipped year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) sales did not appear to be dragging the market. Combined, foreclosures plus REO sales made up 2.4% of existing home sales. In January 2011, they represented 4.5%. The percentage of existing home sales involving foreclosures rose to 2.4% in January from no part a year earlier while REO sales as a percentage of existing home sales dipped to no part from 4.5% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence