Grand Forks, ND - Local Housing Data - Summary

Change location:

Region

State

City

Grand Forks, ND, MN

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Grand Forks, ND Local News

Recent Figures Indicate New Home Closings in Grand Forks Decrease

Posted on: Aug 08, 2014 11:23:34 AM

The Grand Forks, ND market saw a drop in new home closings year-over-year in May, and the decline was by a larger percentage than the April 2014. New home closings moved from 2 a year earlier to none after the figure moved from 3 in April 2013 to 1 in April 2014.

New home closings were none out of the 120 total closings, down on a percentage basis from 2 of 184 a year earlier. Closings of new and existing homes sank year-over-year in May after also falling in April year-over-year.

Other Market Trends

There were no new home closings in May 2014, but average size of newly sold homes was 1,591 a year earlier.

Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in May, but did not appear to be dragging the market. Out of all existing home closings, foreclosures combined with REO closings made up 4.2% of closings, below 6.0% a year earlier. The percentage of existing home closings involving foreclosures dropped to 1.7% in May from 2.7% a year earlier and REO closings moved from 3.3% of existing home closings in May 2013 to 2.5% in May 2014.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Grand Forks, ND area.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.