Recent Figures Show New Home Prices Gain, Sales Drop in New Haven
Posted on: Apr 06, 2014 07:29:29 AM
New home closings fell year-over-year in January in the New Haven, CT market, but the decline was less than the year-over-year decline in December. New home closings moved from 8 a year earlier to 6 after the figure moved from 18 in December 2012 to 12 in December 2013.
A total of 143 new homes were sold during the 12 months that ended in January, down from 145 for the year that ended in December.
6 of the 571 total closings were new home closings, a shift on a percentage basis from 8 out of 550 a year earlier. After remaining steady in December from a year earlier, closings of new and existing homes climbed in January.
Pricing and Mortgage Trends
The average new home price was $472,043, up from $421,503 a year earlier. This followed a 1.0% fall in December from a year earlier.
From the year-ago figure of $338,829, the average mortgage size on new homes moved up to $409,103. Average mortgage size on new homes went from $328,716 in December 2012 to $267,756 in December 2013.