New Home Sales Climb in York, Prices Fall According to Newest Data
Posted on: Nov 12, 2013 07:53:23 AM
In July, there was an increase in closings of new homes in the York, PA market year-over-year, shifting up after a decline in June 2013. New home closings saw a boost of 9.4% from the year earlier to 35. This came on the heels of a 32.6% fall year-over-year in June.
A total of 315 new homes were sold during the 12 months that ended in July, up from 312 for the year that ended in June.
As a percentage of overall housing closings, new home closings accounted for 6.3% of overall housing closings. A year ago, new home closings accounted for 6.5%. Closings of new and existing homes gained year-over-year in July after also rising in June year-over-year.
Pricing and Mortgage Trends
In July, the average price for new home closings was $225,641, a 3.0% fall from last year. This drop is a drop off from the 4.0% decline in June from a year earlier.
The average mortgage size on new homes moved north year-over-year in contrast to new home prices. The average mortgage size saw a 2.4% boost year-over-year to $216,474 in July. Average mortgage size slid 3.1% in June 2013 from a year earlier.