New Home Prices Increase in Missoula According to Recent Data, Sales Steady
Posted on: Apr 06, 2014 07:27:36 AM
Closings of new homes in the Missoula, MT market remained unchanged year-over-year in January, staying level after a year-over-year decline in December from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 7 in December 2012 to 3 in December 2013.
A total of 46 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
1 of the 87 total closings were new home closings, a shift on a percentage basis from 1 out of 104 a year earlier. Closings of new and existing homes fell year-over-year in January after also falling in December year-over-year.
Pricing and Mortgage Trends
The average new home price was $306,350, up from $157,000 a year earlier. This came after a 15.5% fall in December from a year earlier.
Average mortgage size on new homes rose from $125,600 to $245,000. Average mortgage size on new homes went from $206,146 in December 2012 to $180,525 in December 2013.