New Home Sales and Prices Decline in Cheyenne According to Recent Data
Posted on: Dec 06, 2013 07:09:13 AM
New home closings in the Cheyenne, WY market dropped year-over-year in September, a decline following a rise in August 2013. New home closings moved from 29 a year earlier to 19 after the figure moved from 14 in August 2012 to 26 in August 2013.
A total of 232 new homes were sold during the 12 months that ended in September, down from 242 for the year that ended in August.
Out of all housing closings, new home closings accounted for 7.9%. This is down from the 13.6% of closings a year earlier. Closings of new and existing homes gained year-over-year in September after also rising in August year-over-year.
Pricing and Mortgage Trends
In September, the average per-unit price of new homes sank by 8.3% year-over-year to $267,993. This fall is larger than the 3.0% decline in August from a year earlier.
Average mortgage size on new homes saw a fall year-over-year in contrast to prices of new homes. In September 2013, there was a 10.3% fall in the average mortgage size on new homes to $237,475. Average mortgage size on new homes went from $251,691 in August 2012 to $245,325 in August 2013.