Prices of New Homes Climb in Eugene, Sales Drop According to Recent Data
Posted on: Aug 08, 2014 11:20:13 AM
Closings of new homes in the Eugene, OR market declined year-over-year in May, but the decline was less than the year-over-year decline in April. New home closings moved from 8 a year earlier to 1 after the figure moved from 16 in April 2013 to none in April 2014.
New home closings represented 1 out of the 413 total closings, which is a smaller percentage than the 8 of 461 total closings a year earlier. For new and existing homes, closings declined in May after also declining in April year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $324,900 from last year's $288,531. This was on the heels of a.
Average mortgage size on new homes increased to $259,920 from $242,992 last year.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in May 2014.