Dubuque, IA - Local Housing Data - Summary

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Dubuque, IA Local News

  • Dubuque, IA - March 2014 - New Home Closings Figures Signal Market Decline Getting Steeper

    New home sales fell in Dubuque, IA in March. Average prices of new and existing homes moved up, rising 4.9%. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 7.2% percentage points. Mortgage amounts on new homes dropped 9.0%.

  • Dubuque, IA - February 2014 - Figures for New Home Closings Drop

    New home sales fell year-over-year in Dubuque, IA in February. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 1.6% percentage points. Average prices of new homes moved up, rising 5.6%. Mortgage amounts on new homes dropped 17.3%. Foreclosures as a...

  • Dubuque, IA - January 2014 - New Home Closings Stay Level

    New home sales remained level from a year ago in Dubuque, IA in January. Foreclosures as a percentage of existing home closings dropped, falling 6.2% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 4.2% percentage points. Average prices of...

New Home Sales and Prices Fall in Dubuque According to Recent Data

Posted on: Jul 06, 2014 07:10:17 AM

In the Dubuque, IA market in April, new home closings fell year-over-year, and the decline was by a larger percentage than the March 2014. New home closings moved from 11 a year earlier to 5 after the figure moved from 9 in March 2013 to 5 in March 2014.

A total of 123 new homes were sold during the 12 months that ended in April, down from 129 for the year that ended in March.

On a percentage basis, new home closings as a part of total closings decreased to 3.6% from 9.0% a year earlier. Following a drop in March year-over-year, closings of new and existing homes jumped year-over-year in April.

Pricing and Mortgage Trends

The average value of newly sold homes in April 2014 was $268,025, down from last year's $288,930. This came after a 7.3% decline in March from a year earlier.

The average mortgage size went down to $152,840 from $206,350 a year earlier. Average mortgage size on new homes went from $186,993 in March 2013 to $170,085 in March 2014.

 
 
 

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