Freshest Numbers Show New Home Sales Decrease in Barnstable Town
Posted on: Nov 12, 2013 07:03:45 AM
New home closings slid year-over-year in June in the Barnstable Town, MA market, and the decline was by a larger percentage than the May 2013. New home closings moved from 6 a year earlier to none after the figure moved from 10 in May 2012 to 1 in May 2013.
New home closings were none out of the 552 total closings, a move on a percentage basis from 6 of 611 a year earlier. Following a year-over-year decline in May, closings of new and existing homes also declined year-over-year in June.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in June, but did not appear to be dragging the market. Out of all existing home closings, foreclosures combined with REO closings made up 4.5% of closings, below 14.5% a year earlier. The percentage of existing home closings involving foreclosures slid to 0.5% in June from 6.4% a year earlier while REO closings as a percentage of existing home closings sank to 4.0% from 8.1% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Barnstable Town, MA area.