Latest Figures Show New Home Sales and Prices Decrease in Eugene
Posted on: Sep 11, 2014 07:10:17 AM
In the Eugene, OR market, new home closings sank year-over-year in June, but the decline was less than the year-over-year decline in May. New home closings moved from 4 a year earlier to 2 after the figure moved from 8 in May 2013 to 1 in May 2014.
2 of the 475 total closings were new home closings, a shift on a percentage basis from 4 out of 465 a year earlier. After dropping in May from a year earlier, closings of new and existing homes grew year-over-year in June.
Pricing and Mortgage Trends
The average new home price was $287,445, down from $316,225 a year earlier. This came after a 12.6% boost in May year-over-year.
The average mortgage size moved to $213,740, down from last year's $269,665. Average mortgage size on new homes went from $242,992 in May 2013 to $259,920 in May 2014.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in June 2014.