Recent Figures Show New Home Sales Level in Pittsfield From Last Year
Posted on: Dec 06, 2013 07:36:47 AM
Closings of new homes in the Pittsfield, MA market saw no change year-over-year in September, staying flat after dropping year-over-year in August from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in August 2012 to none in August 2013. New home closings moved from none a year earlier to none after the figure moved from 1 in August 2012 to none in August 2013.
Following a period of little movement in August from a year earlier, closings of new and existing homes dropped year-over-year in September.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in September, but did not appear to be dragging the market. Out of all existing home closings, foreclosures combined with REO closings made up 10.3% of closings, below 13.9% a year earlier. The percentage of existing home closings involving foreclosures stayed at 4.4% of closings in September from a year earlier while REO closings as a percentage of existing home closings sank to 5.9% from 9.5% a year earlier.
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