New Home Closings and Prices in Ogden Gain According to Recent Figures
Posted on: Dec 06, 2013 07:34:22 AM
In the Ogden, UT market in September, new home closings jumped year-over-year, and the market seemed to be signaling bolstering with a percentage lift stronger than August 2013. New home closings saw a hike of 36.5% from the year earlier to 116. This was after the housing market saw a 20.8% hike year-over-year in August.
A total of 1,325 new homes were sold during the 12 months that ended in September, up from 1,294 for the year that ended in August.
Out of all housing closings, new home closings accounted for 11.8%. This is better than the 9.1% of closings a year earlier. Following a year-over-year increase in August, closings of new and existing homes also climbed year-over-year in September.
Pricing and Mortgage Trends
For newly sold homes, the average price increased 4.3% year-over-year in September to $289,407 per unit. This hike is smaller than the 14.0% lift in August year-over-year.
The average mortgage size on newly sold homes saw a rise year-over-year along with new home prices. In September 2013, the average mortgage size on newly sold homes saw a 7.8% hike from a year earlier. In August 2013, average mortgage size climbed 13.7% from a year earlier.