Freshest Figures Show New Home Sales Level in Pittsfield From Last Year
Posted on: Jun 06, 2014 07:36:25 AM
Closings of new homes in the Pittsfield, MA market saw no change year-over-year in March, staying flat after dropping year-over-year in February from the year earlier. New home closings moved from none a year earlier to none after the figure moved from 1 in February 2013 to none in February 2014. Closings remained level at none from a year earlier after the figure moved from 1 in February 2013 to none in February 2014.
After dropping in February from a year earlier, closings of new and existing homes jumped year-over-year in March.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in March, but did not look to be a burden on the market. Combined, foreclosures plus REO closings accounted for 18.1% of existing home closings, below 21.5% a year earlier. The percentage of existing home closings involving foreclosures went from 8.6% in March 2013 to 9.5% in March 2014 and REO closings as a percentage of existing home closings slid to 8.6% from 12.9% a year earlier.
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