Newest Numbers For Carson City, NV Show New Home Closings Climb
Posted on: Apr 06, 2013 07:05:27 AM
Closings of new homes rose year-over-year in January in the Carson City, NV market, moving up after staying consistent in December from the year earlier. Closings stood at one in January after being zero a year earlier and remaining unchanged at zero in December from a year earlier.
A total of four new homes were sold during the 12 months that ended in January, up from three for the year that ended in December.
For new and existing homes, closings sank in January after also declining in December year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings declined in January from a year earlier, but stayed a drag on the market. Combined, foreclosures plus REO closings accounted for 32.6% of existing home closings, below 54.7% a year earlier. The percentage of existing home closings involving foreclosures dropped to 17.4% in January from 35.9% a year earlier while REO closings as a percentage of existing home closings declined to 15.2% from 18.8% a year earlier.
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