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%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Sioux City, IA area.