Sioux City, IA - Local Housing Data - Summary

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Sioux City, IA, NE, SD

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Sioux City, IA Local News

Sioux City New Home Sales Rise According to Latest Numbers

Posted on: Mar 06, 2014 07:40:15 AM

Closings stood at 4 in November after being 0 a year earlier and remaining unchanged at 0 in October from a year earlier. New home closings moved from none a year earlier to 4 after the figure moved from none in October 2012 to none in October 2013.

For new and existing homes, closings rose year-over-year in November after also increasing in October year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings increased in November from a year earlier and did not appear to be dragging the market. Foreclosures and REO closings, taken together, represented 12.7% of existing home closings, higher than 11.5% a year earlier. The percentage of existing home closings involving foreclosures went from 7.7% in November 2012 to 7.0% in November 2013 and REO closings as a percentage of existing home closings increased to 5.6% from 3.8%.

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