New Home Prices Rise in Pueblo According to Freshest Data, Sales Steady
Posted on: Jul 06, 2014 07:29:52 AM
New home closings in the Pueblo, CO market were unchanged year-over-year in April, staying flat after dropping year-over-year in March from the year earlier. Closings remained level at 9 from a year earlier after the figure moved from 7 in March 2013 to 4 in March 2014.
A total of 88 new homes were sold during the 12 months that ended in April, equal to the number of new homes sold for the year that ended in March.
9 of the 288 total closings were new home closings, consistent with the year-earlier figures in terms of percentage. After falling in March from a year earlier, closings of new and existing homes stayed steady in April.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $193,223 from $174,238 a year ago. This was on the heels of a 30.6% surge in March year-over-year.
Average mortgage size on new homes rose from $152,529 to $165,831. Average mortgage size on new homes went from $179,268 in March 2013 to $168,576 in March 2014.