Great Falls, MT - Local Housing Data - Summary

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Great Falls, MT Local News

  • Great Falls, MT - April 2014 - Figures for New Home Closings Remain Level

    New home sales remained steady from a year ago in Great Falls, MT in April. Foreclosures as a percentage of existing home closings dropped, falling 4.4% percentage points. Average prices of new homes dropped 29.2%. Average prices of new and existing homes moved up, rising 25.3%.

  • Great Falls, MT - March 2014 - Figures for New Home Closings Remain Level

    New home sales remained steady from a year ago in Great Falls, MT in March. Foreclosures as a percentage of existing home closings dropped, falling 13.8% percentage points. Mortgage amounts on new homes moved up, rising 61.3%. Average prices of new and existing homes dropped 3.2%.

  • Great Falls, MT - February 2014 - New Home Closings Remain Steady

    New home sales remained level from a year ago in February. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 6.9% percentage points. Foreclosures as a percentage of existing home closings rose, climbing 4.2% percentage points. Average prices of new homes...

New Home Sales Gain in Great Falls, Prices Decline According to Latest Data

Posted on: Aug 08, 2014 11:24:04 AM

In the Great Falls, MT market, new home closings jumped year-over-year in May, rebounding from a year-over-year decline in April 2014. New home closings moved from 2 a year earlier to 3 after the figure moved from 3 in April 2013 to 1 in April 2014.

New home closings were 3 out of the 134 total closings, a move on a percentage basis from 2 of 140 a year earlier. Following a year-over-year decline in April, closings of new and existing homes also declined year-over-year in May.

Pricing and Mortgage Trends

The average new home price was $270,254, down from $311,862 a year earlier. This was on the heels of a 8.4% drop in April from a year earlier.

The average mortgage size went down to $240,078 from $290,675 a year earlier. Average mortgage size on new homes went from $219,210 in April 2013 to $174,325 in April 2014.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in May 2014.

 
 
 

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