Lewiston New Home Sales Increase According to Recent Numbers
Posted on: Aug 08, 2014 11:32:33 AM
Closings stood at 3 in May after being 0 a year earlier and remaining unchanged at 2 in April from a year earlier. New home closings moved from none a year earlier to 3 after the figure moved from 2 in April 2013 to 2 in April 2014.
For new and existing homes, closings gained year-over-year in May after also increasing in April year-over-year.
Other Market Trends
Together, foreclosures plus REO closings represented 4.7% of existing home closings. They made up 4.7% in May 2013. The percentage of existing home closings involving foreclosures rose to 2.8% in May from 1.2% a year earlier while REO closings as a percentage of existing home closings dropped to 1.9% from 3.5% a year earlier.
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