Carson City, NV - Recent New Home Sales Numbers Give Hints Market Decrease is Deepening
Posted on: Mar 06, 2012 09:17:51 AM
Sales of new homes in the Carson City, NV market fell year-over-year in December, and the decline was by a larger percentage than the November 2011. New home sales moved from one a year earlier to none after the figure moved from two in November 2010 to one in November 2011.
A total of 10 new homes were sold during the 12 months that ended in December, down from 11 for the year that ended in November.
New home sales were none of the 52 total sales, down on a percentage basis from one of 67 a year earlier. Following a year-over-year increase in November, sales of new and existing homes slid year-over-year in December.
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Other Market Trends
Foreclosures and real estate owned (REO) sales continued to increase in December from a year earlier and remained a drag on the market. Together, foreclosures plus REO sales accounted for 59.6% of existing home sales, up from 48.5% a year earlier. The percentage of existing home sales involving foreclosures rose to 36.5% in December from 28.8% a year earlier while REO sales as a percentage of existing home sales increased to 23.1% from 19.7%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Carson City, NV - Recent New Home Sales Numbers Give Hints Market Decrease is Deepening
Posted on: Mar 06, 2012 09:17:51 AM
Sales of new homes in the Carson City, NV market fell year-over-year in December, and the decline was by a larger percentage than the November 2011. New home sales moved from one a year earlier to none after the figure moved from two in November 2010 to one in November 2011.
A total of 10 new homes were sold during the 12 months that ended in December, down from 11 for the year that ended in November.
New home sales were none of the 52 total sales, down on a percentage basis from one of 67 a year earlier. Following a year-over-year increase in November, sales of new and existing homes slid year-over-year in December.
Other Market Trends
Foreclosures and real estate owned (REO) sales continued to increase in December from a year earlier and remained a drag on the market. Together, foreclosures plus REO sales accounted for 59.6% of existing home sales, up from 48.5% a year earlier. The percentage of existing home sales involving foreclosures rose to 36.5% in December from 28.8% a year earlier while REO sales as a percentage of existing home sales increased to 23.1% from 19.7%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence