Prices of New Homes Increase in Dubuque, Sales Fall According to Latest Data
Posted on: Nov 12, 2013 07:12:47 AM
Closings of new homes in the Dubuque, IA market dropped year-over-year in August, a decline following a rise in July 2013. New home closings moved from 12 a year earlier to 11 after the figure moved from 6 in July 2012 to 21 in July 2013.
A total of 130 new homes were sold during the 12 months that ended in August, down from 131 for the year that ended in July.
11 of the 146 total closings were new home closings, a shift on a percentage basis from 12 out of 168 a year earlier. After rising year-over-year in July, closings of new and existing homes slid year-over-year in August.
Pricing and Mortgage Trends
The average new home value went from $240,417 last year to $243,282. This came after a 7.4% decline in July from a year earlier.
From the year-ago figure of $172,308, the average mortgage size on new homes moved up to $230,653. Average mortgage size on new homes went from $203,670 in July 2012 to $172,033 in July 2013.