Latest Figures Indicate Prices of New Homes Gain, Sales Stay Level in Dubuque
Posted on: Apr 06, 2014 07:11:47 AM
Closings of new homes in the Dubuque, IA market remained unchanged year-over-year in January, staying flat after advancing year-over-year in December from the year earlier. Closings remained level at 7 from a year earlier after the figure moved from 9 in December 2012 to 10 in December 2013.
A total of 134 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
New home closings were 7 out of the 81 total closings, a move on a percentage basis from 7 of 90 a year earlier. Following a year-over-year decline in December, closings of new and existing homes also slid year-over-year in January.
Pricing and Mortgage Trends
The average new home price was $361,857, up from $184,550 a year earlier. This came after a 19.1% surge in December year-over-year.
Average mortgage size on new homes rose from $150,085 to $169,668. Average mortgage size on new homes went from $163,042 in December 2012 to $170,355 in December 2013.