Trenton, NJ - Local Housing Data - Summary

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Trenton, Ewing, NJ

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Trenton, NJ Local News

  • Trenton, NJ - March 2014 - New Home Closings Stay Level

    New home sales remained steady from a year ago in Trenton, NJ in March. Average prices of new and existing homes moved up, rising 11.7%. Mortgage amounts on new homes dropped 14.3%. The percentage of new home closings belonging to attached homes dropped, falling 28.6% percentage points. The...

  • Trenton, NJ - February 2014 - New Home Closings Stay Level

    New home sales remained level from a year ago in February. The percentage of new home closings belonging to single family homes dropped, falling 60.0% percentage points. Average prices of new homes dropped 27.1%. The percentage of new home closings belonging to attached homes rose, climbing 60.0%...

  • Trenton, NJ - January 2014 - New Home Closings Numbers Suggest Market Decline is Slowing

    New home sales fell in Trenton, NJ in January. The percentage of new home closings belonging to attached homes rose, climbing 22.2% percentage points. Mortgage amounts on new homes dropped 51.5%. The percentage of new home closings belonging to single family homes dropped, falling 22.2% percentage...

New Home Sales and Prices Drop in Trenton According to Latest Data

Posted on: Aug 08, 2014 11:53:43 AM

New home closings in the Trenton, NJ market fell year-over-year in April, and the decline was by a larger percentage than the March 2014. New home closings moved from 9 a year earlier to 5 after the figure moved from 7 in March 2013 to 6 in March 2014.

A total of 109 new homes were sold during the 12 months that ended in April, down from 113 for the year that ended in March.

5 of the 235 total closings were new home closings, a shift on a percentage basis from 9 out of 310 a year earlier. Following a year-over-year decline in March, closings of new and existing homes also sank year-over-year in April.

Pricing and Mortgage Trends

The average value of newly sold homes in April 2014 was $332,753, down from last year's $396,826. This was on the heels of a 10.3% surge in March year-over-year.

Average mortgage size on new homes went from $311,141 a year earlier to $356,500. Average mortgage size on new homes went from $521,675 in March 2013 to $470,457 in March 2014.

 
 
 

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