Check Out the Newest Numbers Show Prices of New Homes Increase in Columbia, Sales Fall
Posted on: Apr 09, 2014 07:00:03 AM
In the Columbia, MO market in January, new home closings fell year-over-year, and the decline was by a larger percentage than the December 2013. New home closings moved from 20 a year earlier to 13 after the figure moved from 22 in December 2012 to 20 in December 2013.
A total of 316 new homes were sold during the 12 months that ended in January, down from 323 for the year that ended in December.
13 of the 120 total closings were new home closings, a shift on a percentage basis from 20 out of 190 a year earlier. For new and existing homes, closings declined in January after also declining in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $277,540, an increase from $243,659 a year earlier. This came after a 12.3% rise in December year-over-year.
The average mortgage size on new homes was $229,164, up from $205,753. Average mortgage size climbed 15.5% in December 2013 from a year earlier.