Lewiston, ID - Latest Figures for New Home Sales Suggest Market Decline is Mounting
Posted on: May 07, 2012 09:24:01 AM
In February, the Lewiston, ID market saw a decline year-over-year in new home sales, and the decline was by a larger percentage than the January 2012. New home sales moved from one a year earlier to none after the figure moved from three in January 2011 to one in January 2012.
A total of 20 new homes were sold during the 12 months that ended in February, down from 21 for the year that ended in January.
New home sales accounted for none of the 63 total sales, a smaller percentage compared with one of 40 sales a year earlier. Following a year-over-year increase in January, sales of new and existing homes also rose year-over-year in February.
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Other Market Trends
Foreclosures and real estate owned (REO) sales did not look to be a burden on the market. Out of all existing home sales, foreclosures combined with REO sales accounted for 6.3% of sales. In February 2011, they made up 12.8%. The percentage of existing home sales involving foreclosures dipped to 4.8% in February from 12.8% a year earlier while REO sales as a percentage of existing home sales increased to 1.6% from no part.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Lewiston, ID - Latest Figures for New Home Sales Suggest Market Decline is Mounting
Posted on: May 07, 2012 09:24:01 AM
In February, the Lewiston, ID market saw a decline year-over-year in new home sales, and the decline was by a larger percentage than the January 2012. New home sales moved from one a year earlier to none after the figure moved from three in January 2011 to one in January 2012.
A total of 20 new homes were sold during the 12 months that ended in February, down from 21 for the year that ended in January.
New home sales accounted for none of the 63 total sales, a smaller percentage compared with one of 40 sales a year earlier. Following a year-over-year increase in January, sales of new and existing homes also rose year-over-year in February.
Other Market Trends
Foreclosures and real estate owned (REO) sales did not look to be a burden on the market. Out of all existing home sales, foreclosures combined with REO sales accounted for 6.3% of sales. In February 2011, they made up 12.8%. The percentage of existing home sales involving foreclosures dipped to 4.8% in February from 12.8% a year earlier while REO sales as a percentage of existing home sales increased to 1.6% from no part.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence