Trenton, NJ - Local Housing Data - Summary

Change location:

Region

State

City

Trenton, Ewing, NJ

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
No Data Available

for this chart. Please check back later.

 

Trenton, NJ Local News

Recent Numbers Show Prices of New Homes Gain in Trenton, Sales Drop

Posted on: Apr 06, 2014 07:43:20 AM

The Trenton, NJ market saw a drop in new home closings year-over-year in December, sliding after a growth in November 2013. New home closings moved from 17 a year earlier to 4 after the figure moved from 9 in November 2012 to 12 in November 2013.

A total of 117 new homes were sold during the 12 months that ended in December, down from 130 for the year that ended in November.

New home closings represented 4 out of the 216 total closings, which is a smaller percentage than the 17 of 244 total closings a year earlier. Closings of new and existing homes declined year-over-year in December after also falling in November year-over-year.

Pricing and Mortgage Trends

The average price of new homes was $671,424, an increase from $649,210 a year earlier. This came after a 14.2% decline in November from a year earlier.

The average mortgage size went down to $177,300 from $439,094 a year earlier. Average mortgage size on new homes went from $337,407 in November 2012 to $321,075 in November 2013.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.