New Home Sales and Prices Both Increase in Lincoln NE According to Latest Data
Posted on: Apr 06, 2014 07:23:54 AM
In the Lincoln, NE market in January, new home closings gained year-over-year, and there were suggestions that the market may be gaining momentum as the percentage rise proved better than December 2013. New home closings saw a 22.2% hike from a year earlier to 44. This followed a 16.3% rise year-over-year in December.
A total of 631 new homes were sold during the 12 months that ended in January, up from 623 for the year that ended in December.
Of 331 total closings, 44 were of new homes. This is a lift from 9.6% of closings a year earlier. After rising year-over-year in December, closings of new and existing homes dropped year-over-year in January.
Pricing and Mortgage Trends
In January, the average price of newly sold homes climbed 2.2% year-over-year to $222,070 per unit. This bump is smaller than the 13.9% lift in December year-over-year.
Average mortgage size on new homes saw a decline year-over-year in contrast to prices of new homes. It fell 4.7% in January from a year earlier, reaching $189,263. In December 2013, average mortgage size increased 11.6% from a year earlier.