Recent Figures Show New Home Sales Level in Ames From Last Year
Posted on: Dec 06, 2013 07:01:51 AM
Closings of new homes in the Ames, IA market remained steady year-over-year in August, staying flat after advancing year-over-year in July from the year earlier. Closings remained level at none from a year earlier after the figure moved from none in July 2012 to 3 in July 2013. New home closings moved from none a year earlier to none after the figure moved from none in July 2012 to 3 in July 2013.
Closings of new and existing homes grew year-over-year in August after also rising in July year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in August, but did not appear to be dragging the market. Out of all existing home closings, foreclosures combined with REO closings accounted for 8.3% of closings, below 10.5% a year earlier. The percentage of existing home closings involving foreclosures declined to no part in August from 5.3% a year earlier while REO closings as a percentage of existing home closings jumped to 8.3% from 5.3%.
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