Freshest Figures Show New Home Sales Level from Last Year, Prices Drop in Missoula
Posted on: Feb 11, 2014 07:24:38 AM
Closings of new homes in the Missoula, MT market saw no change year-over-year in November, staying level after a year-over-year decline in October from the year earlier. Closings remained level at 2 from a year earlier after the figure moved from 6 in October 2012 to 5 in October 2013.
A total of 50 new homes were sold during the 12 months that ended in November, equal to the number of new homes sold for the year that ended in October.
New home closings were 2 out of the 137 total closings, same on a percentage basis as a year earlier. For new and existing homes, closings dropped in November after also declining in October year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $117,853, compared with $186,850 last year. This followed a 24.8% hike in October year-over-year.
Average mortgage size on newly sold homes saw a decline year-over-year from $149,480 to $94,283. Average mortgage size on new homes went from $186,011 in October 2012 to $249,250 in October 2013.