New Home Sales and Prices Both Climb in Greeley According to Recent Data
Posted on: Aug 08, 2014 11:24:19 AM
The Greeley, CO market saw a rise in new home closings in May year-over-year, and the market seemed to be signaling bolstering with a percentage surge stronger than April 2014. Closings climbed 72.0% from a year earlier to 141. This came on the heels of a 65.0% climb year-over-year in April.
A total of 1,091 new homes were sold during the 12 months that ended in May, up from 1,032 for the year that ended in April.
Out of all housing closings, new home closings represented 16.9%. This is better than the 13.2% of closings a year earlier. After dropping in April from a year earlier, closings of new and existing homes jumped year-over-year in May.
Pricing and Mortgage Trends
For newly sold homes, the average price rose 3.1% year-over-year in May to $291,950 per unit. This gain is smaller than the 10.4% surge in April year-over-year.
Average mortgage size on new homes went from $254,694 in May 2013 to $253,719 in May 2014. In April 2014, average mortgage size grew 4.3% from a year earlier.