New Home Sales Increase in New Haven, Prices Decrease According to Newest Data
Posted on: Dec 06, 2013 07:33:02 AM
In the New Haven, CT market in September, closings of new homes jumped year-over-year, rebounding from a year-over-year decline in August 2013. New home closings moved from 12 a year earlier to 13 after the figure moved from 22 in August 2012 to 19 in August 2013.
A total of 151 new homes were sold during the 12 months that ended in September, up from 150 for the year that ended in August.
New home closings were 13 out of the 754 total closings, a move on a percentage basis from 12 of 786 a year earlier. Following a year-over-year increase in August, closings of new and existing homes declined year-over-year in September.
Pricing and Mortgage Trends
The average new home price was $378,354, down from $396,070 a year earlier. This was on the heels of a 4.0% fall in August from a year earlier.
Average mortgage size on new homes fell from $323,314 to $282,816. Average mortgage size went from $268,749 in August 2012 to $270,444 in August 2013.