New Home Prices Rise in Joplin According to Newest Figures, Sales Decrease
Posted on: Feb 12, 2014 07:11:38 AM
The Joplin, MO market saw a drop in new home closings year-over-year in October, sliding after a growth in September 2013. New home closings moved from 15 a year earlier to 9 after the figure moved from 9 in September 2012 to 18 in September 2013.
A total of 171 new homes were sold during the 12 months that ended in October, down from 177 for the year that ended in September.
New home closings were 9 out of the 240 total closings, down on a percentage basis from 15 of 294 a year earlier. After rising year-over-year in September, closings of new and existing homes declined year-over-year in October.
Pricing and Mortgage Trends
The average price of new homes was $149,575, an increase from $138,474 a year earlier. This followed a 17.8% gain in September year-over-year.
Average mortgage size on new homes moved from $126,175 to $126,453. Average mortgage size on new homes went from $130,150 in September 2012 to $144,358 in September 2013.