Mankato, MN - Local Housing Data - Summary

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Mankato, North Mankato, MN

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Mankato, MN Local News

New Home Sales and Prices Both Gain in Mankato According to Recent Data

Posted on: Apr 06, 2014 07:25:49 AM

The Mankato, MN market saw a rise in new home closings in December year-over-year, but the increase was less than November 2013. New home closings moved from 3 a year earlier to 4 after the figure moved from 5 in November 2012 to 14 in November 2013.

A total of 99 new homes were sold during the 12 months that ended in December, up from 98 for the year that ended in November.

New home closings were 4 out of 78 total closings, making up 5.1%. This is up on a percentage basis from 3 of 111 a year earlier. Following a year-over-year decline in November, closings of new and existing homes also dropped year-over-year in December.

The average price for newly sold homes moved north to $258,457 from $216,467 a year ago. This came after a 28.9% boost in November year-over-year.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in December 2013.

 
 
 

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