Latest Numbers Show New Home Prices Climb in Joplin, Sales Steady
Posted on: Apr 06, 2014 07:20:32 AM
New home closings in the Joplin, MO market were unchanged year-over-year in December, staying level after a year-over-year decline in November from the year earlier. Closings remained level at 11 from a year earlier after the figure moved from 25 in November 2012 to 7 in November 2013.
A total of 158 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
11 of the 277 total closings were new home closings, a shift on a percentage basis from 11 out of 257 a year earlier. For new and existing homes, closings jumped year-over-year in December after also increasing in November year-over-year.
Pricing and Mortgage Trends
The average new home value went from $112,292 last year to $169,832. This came after a 53.4% hike in November year-over-year.
Average mortgage size on new homes rose from $130,681 to $146,127. Average mortgage size on new homes went from $121,201 in November 2012 to $150,470 in November 2013.