New Home Sales and Prices Both Rise in Pueblo According to Latest Data
Posted on: Aug 08, 2014 11:44:00 AM
There was a rise in closings of new homes in the Pueblo, CO market in May year-over-year, rebounding from a year-over-year decline in April 2014. New home closings moved from 5 a year earlier to 8 after the figure moved from 8 in April 2013 to 5 in April 2014.
A total of 83 new homes were sold during the 12 months that ended in May, up from 80 for the year that ended in April.
New home closings were 8 of the 268 total closings, up on a percentage basis from 5 of 300 a year earlier. Following a period of little movement in April from a year earlier, closings of new and existing homes dropped year-over-year in May.
Pricing and Mortgage Trends
The average price of new homes rose to $236,032 from last year's $219,722. This came after a 28.5% lift in April year-over-year.
There was no change in the average mortgage size on newly sold homes from a year earlier, as it stayed level at $205,128. Average mortgage size on new homes went from $147,183 in April 2013 to $210,723 in April 2014.