Lewiston, ME - Local Housing Data - Summary

Change location:

Region

State

City

Lewiston, Auburn, ME

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Lewiston, ME Local News

New Home Closings Drop in Lewiston According to Newest Figures

Posted on: Jul 06, 2014 07:20:42 AM

New home closings in the Lewiston, ME market declined year-over-year in April, declining after staying relatively stable in March from the year earlier. Closings stood at 0 in April after being 3 a year earlier and remaining unchanged at 1 in March from a year earlier.

New home closings were 3.6% of total closings a year earlier, and this percentage saw a fall as new home closings this year made up none of the 78 total closings. Following a year-over-year rise in March, closings of new and existing homes slid year-over-year in April.

Other Market Trends

Foreclosures and real estate owned (REO) closings rose in April from a year earlier and did not look to be a burden on the market. Combined, foreclosures plus REO closings represented 21.8% of existing home closings, above 15.0% a year earlier. The percentage of existing home closings involving foreclosures sank to 5.1% in April from 6.2% a year earlier while REO closings as a percentage of existing home closings grew to 16.7% from 8.8%.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Lewiston, ME area.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.