Great Falls, MT - Newest New Home Sales Decline Year-Over-Year in February After Rising Year-Over-Year in January
Posted on: May 07, 2012 09:13:54 AM
The Great Falls, MT market saw a drop in new home sales year-over-year in February, falling after a rise in January 2012. New home sales moved from five a year earlier to none after the figure moved from three in January 2011 to four in January 2012.
A total of 36 new homes were sold during the 12 months that ended in February, down from 41 for the year that ended in January.
New home sales accounted for none of the 88 total sales, a smaller percentage compared with five of 90 sales a year earlier. Following a year-over-year rise in January, sales of new and existing homes dipped year-over-year in February.
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Other Market Trends
Foreclosures and real estate owned (REO) sales remained a drag on the market. Together, foreclosures plus REO sales represented 27.3% of existing home sales. In February 2011, they made up 30.6%. The percentage of existing home sales involving foreclosures went from 14.1% in February 2011 to 13.6% in February 2012 and REO sales as a percentage of existing home sales declined to 13.6% from 16.5% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Great Falls, MT - Newest New Home Sales Decline Year-Over-Year in February After Rising Year-Over-Year in January
Posted on: May 07, 2012 09:13:54 AM
The Great Falls, MT market saw a drop in new home sales year-over-year in February, falling after a rise in January 2012. New home sales moved from five a year earlier to none after the figure moved from three in January 2011 to four in January 2012.
A total of 36 new homes were sold during the 12 months that ended in February, down from 41 for the year that ended in January.
New home sales accounted for none of the 88 total sales, a smaller percentage compared with five of 90 sales a year earlier. Following a year-over-year rise in January, sales of new and existing homes dipped year-over-year in February.
Other Market Trends
Foreclosures and real estate owned (REO) sales remained a drag on the market. Together, foreclosures plus REO sales represented 27.3% of existing home sales. In February 2011, they made up 30.6%. The percentage of existing home sales involving foreclosures went from 14.1% in February 2011 to 13.6% in February 2012 and REO sales as a percentage of existing home sales declined to 13.6% from 16.5% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence