Newest Figures Show New Home Sales Rise in Joplin
Posted on: Jul 06, 2014 07:17:49 AM
In March, there was an increase in closings of new homes in the Joplin, MO market year-over-year, rebounding from a year-over-year decline in February 2014. New home closings moved from 15 a year earlier to 17 after the figure moved from 20 in February 2013 to 12 in February 2014.
A total of 148 new homes were sold during the 12 months that ended in March, up from 146 for the year that ended in February.
Of the total number of closings, new home closings made up 4.7%. As a part of the whole, new home closings were 5.3% a year earlier. Closings of new and existing homes rose year-over-year in March after also rising in February year-over-year.
Pricing and Mortgage Trends
For newly sold homes, the average price moved from $157,765 in March 2013 to $156,754 in March 2014. This followed a 46.1% surge in February year-over-year.
In March 2014, average mortgage size on new homes went from $126,212 in March 2013 to $127,240 in March 2014. Average mortgage size on new homes went from $122,493 in February 2013 to $156,917 in February 2014.