New Home Sales Gain in Ames According to Freshest Data
Posted on: May 06, 2013 07:01:16 AM
The Ames, IA market saw an increase in closings of new homes in January year-over-year, rebounding from a year-over-year decline in December 2012. New home closings moved from none a year earlier to one after the figure moved from six in December 2011 to one in December 2012.
A total of five new homes were sold during the 12 months that ended in January, up from four for the year that ended in December.
Following a decline in December year-over-year, closings of new and existing homes grew year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in January, but did not look to be a burden on the market. Out of all existing home closings, foreclosures combined with REO closings accounted for no part of closings, below 60.0% a year earlier. The percentage of existing home closings involving foreclosures dropped to no part in January from 60.0% a year earlier while REO closings as a percentage of existing home closings stayed level at no part.
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