New Home Closings in Lewiston Remain at Zero
Posted on: May 06, 2013 07:20:50 AM
Closings of new homes in the Lewiston, ID market remained unchanged year-over-year in February, staying relatively stable after having decreased year-over-year in January. Closings remained level at none from a year earlier after the figure moved from one in January 2012 to none in January 2013.
A total of 11 new homes were sold during the 12 months that ended in February, equal to the number of new homes sold for the year that ended in January.
Closings of new and existing homes increased year-over-year in February after also rising in January year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings did not look to be a burden on the market. Combined, foreclosures plus REO closings made up 2.6% of existing home closings. In February 2012, they represented 9.2%. The percentage of existing home closings involving foreclosures slipped to 2.6% in February from 4.6% a year earlier while REO closings as a percentage of existing home closings dipped to no part from 4.6% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Lewiston, ID area.