Sales of New Homes Unchanged From a Year Ago in Kingston According to Newest Data
Posted on: Feb 11, 2014 07:19:22 AM
Closings of new homes in the Kingston, NY market remained steady year-over-year in October, staying flat after dropping year-over-year in September from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in September 2012 to none in September 2013. New home closings moved from none a year earlier to none after the figure moved from 1 in September 2012 to none in September 2013.
Closings of new and existing homes jumped year-over-year in October after also rising in September year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings increased in October from a year earlier and did not appear to be dragging the market. Combined, foreclosures plus REO closings represented 18.8% of existing home closings, above 13.7% a year earlier. The percentage of existing home closings involving foreclosures rose to 11.0% in October from 8.1% a year earlier while REO closings as a percentage of existing home closings climbed to 7.8% from 5.6%.
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