New Home Prices Rise in Joplin According to Newest Figures, Sales Drop
Posted on: Dec 06, 2013 07:23:22 AM
In the Joplin, MO market, new home closings sank year-over-year in August, but the decline was less than the year-over-year decline in July. New home closings moved from 19 a year earlier to 13 after the figure moved from 19 in July 2012 to 8 in July 2013.
A total of 168 new homes were sold during the 12 months that ended in August, down from 174 for the year that ended in July.
New home closings were 13 out of the 321 total closings, down on a percentage basis from 19 of 321 a year earlier. Closings of new and existing homes stayed level after declining in July year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $181,490, an increase from $161,202 a year earlier. This followed a 1.8% fall in July from a year earlier.
From the year-ago figure of $146,567, the average mortgage size on new homes moved up to $149,781. Average mortgage size on new homes went from $121,778 in July 2012 to $112,021 in July 2013.