New Home Closings and Prices in Springfield Increase According to Freshest Figures
Posted on: Apr 06, 2014 07:40:54 AM
In the Springfield, MA market, new home closings rose year-over-year in December,. Closings stood at 6 in December after being 1 a year earlier and remaining unchanged at 4 in November from a year earlier.
A total of 44 new homes were sold during the 12 months that ended in December, up from 39 for the year that ended in November.
New home closings were 6 out of the 577 total closings, a move on a percentage basis from 1 of 512 a year earlier. New and existing home closings gained in December after a remaining level in November from a year earlier.
The average new home price was $315,008, up from $57,000 a year earlier. This was on the heels of a 32.1% rise in November year-over-year.
Other Market Trends
The share of new home closings made up by attached units has risen while the share belonging to single-family homes has fallen.