Ames, IA - Newest New Home Sales Figures Drop
Posted on: May 06, 2012 09:10:56 AM
New home sales in the Ames, IA market slid year-over-year in January, falling after remaining level in December from the year earlier. Sales stood at zero in January after being one a year earlier and remaining unchanged at six in December from a year earlier.
A total of 67 new homes were sold during the 12 months that ended in January, down from 68 for the year that ended in December.
New home sales were 1.6% of total sales a year earlier, and this percentage saw a decline as new home sales this year made up none of the six total sales. Following a year-over-year increase in December, sales of new and existing homes sank year-over-year in January.
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Other Market Trends
Foreclosures and real estate owned (REO) sales continued to rise in January from a year earlier and remained a burden on the market. Foreclosures and REO sales, taken together, represented 50.0% of existing home sales, up from 25.4% a year earlier. The percentage of existing home sales involving foreclosures rose to 50.0% in January from 9.5% a year earlier while REO sales as a percentage of existing home sales dropped to no part from 15.9% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Ames, IA - Newest New Home Sales Figures Drop
Posted on: May 06, 2012 09:10:56 AM
New home sales in the Ames, IA market slid year-over-year in January, falling after remaining level in December from the year earlier. Sales stood at zero in January after being one a year earlier and remaining unchanged at six in December from a year earlier.
A total of 67 new homes were sold during the 12 months that ended in January, down from 68 for the year that ended in December.
New home sales were 1.6% of total sales a year earlier, and this percentage saw a decline as new home sales this year made up none of the six total sales. Following a year-over-year increase in December, sales of new and existing homes sank year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) sales continued to rise in January from a year earlier and remained a burden on the market. Foreclosures and REO sales, taken together, represented 50.0% of existing home sales, up from 25.4% a year earlier. The percentage of existing home sales involving foreclosures rose to 50.0% in January from 9.5% a year earlier while REO sales as a percentage of existing home sales dropped to no part from 15.9% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence