Sales of New Homes Unchanged From a Year Ago in Ames According to Recent Data
Posted on: Jan 01, 2014 07:01:26 AM
New home closings in the Ames, IA market were unchanged 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 drop 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 represented 8.3% of closings, below 10.5% a year earlier. The percentage of existing home closings involving foreclosures slid 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%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Ames, IA area.