Check Out the Latest Figures Show New Home Sales and Prices Gain in Davenport
Posted on: Apr 09, 2014 07:00:40 AM
The Davenport, IA market saw an increase in closings of new homes in December year-over-year, and the increase was greater than November 2013. New home closings moved from 19 a year earlier to 29 after the figure moved from 13 in November 2012 to 17 in November 2013.
A total of 241 new homes were sold during the 12 months that ended in December, up from 231 for the year that ended in November.
Out of all housing closings, new home closings accounted for 6.1%. This is a bump from 4.3% of closings a year earlier. Closings of new and existing homes grew year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
In December, the average price of newly sold homes jumped 19.8% year-over-year to $382,979 per unit. This gain compares to a 11.6% drop in November from a year earlier.
In December 2013, average mortgage size on new homes went from $253,846 in December 2012 to $253,433 in December 2013. Average mortgage size on new homes went from $272,589 in November 2012 to $281,633 in November 2013.