New Home Sales Decrease in Carson City According to Latest Data
Posted on: Jul 06, 2014 07:05:34 AM
New home closings in the Carson City, NV market declined year-over-year in April, and the decline was by a larger percentage than the March 2014. New home closings moved from 1 a year earlier to none after the figure moved from 2 in March 2013 to 1 in March 2014.
Last year, 1 of 61 total closings were new homes, and this percentage saw a decline as new home closings this year made up none of the 68 total closings. Closings of new and existing homes gained year-over-year in April after also rising in March year-over-year.
Other Market Trends
There were no new home closings in April 2014, but average size of newly sold homes was 2,719 a year earlier.
Foreclosures and real estate owned (REO) closings declined in April from a year earlier, but stayed a drag on the market. Out of all existing home closings, foreclosures combined with REO closings made up a quarter of closings, below 28.3% a year earlier. The percentage of existing home closings involving foreclosures slid to 11.8% in April from 13.3% a year earlier while REO closings as a percentage of existing home closings dropped to 13.2% from 15.0% a year earlier.
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