Recent Figures Show New Home Sales Level in Utica From Last Year
Posted on: Jul 06, 2014 07:37:45 AM
New home closings in the Utica, NY market stayed the same year-over-year in March, staying level after a year-over-year decline in February from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 3 in February 2013 to none in February 2014. Closings remained level at none from a year earlier after the figure moved from 3 in February 2013 to none in February 2014.
For new and existing homes, closings declined in March after also declining in February year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings rose in March from a year earlier and did not appear to be dragging the market. Combined, foreclosures plus REO closings made up 21.4% of existing home closings, above 7.1% a year earlier. The percentage of existing home closings involving foreclosures fell to no part in March from 3.9% a year earlier while REO closings as a percentage of existing home closings increased to 21.4% from 3.2%.
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