Freshest Figures Show New Home Sales Level in Barnstable Town From Last Year
Posted on: Jul 06, 2014 07:02:55 AM
Closings of new homes in the Barnstable Town, MA market remained unchanged year-over-year in February, staying level after a year-over-year decline in January from the year earlier. Closings remained level at none from a year earlier after the figure moved from 2 in January 2013 to none in January 2014. New home closings moved from none a year earlier to none after the figure moved from 2 in January 2013 to none in January 2014.
For new and existing homes, closings dropped in February after also declining in January year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in February, but did not look to be a burden on the market. Foreclosures and REO closings, taken together, represented 7.3% of existing closings, lower than 12.4% a year earlier. The percentage of existing home closings involving foreclosures slid to 1.2% in February from 3.5% a year earlier while REO closings as a percentage of existing home closings fell to 6.1% from 8.9% a year earlier.
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