New Home Sales and Prices Both Climb in Springfield According to Recent Data
Posted on: Mar 06, 2014 07:41:14 AM
There was a rise in new home closings in the Springfield, MO market in December year-over-year, but the increase was less than November 2013. New home closings moved from 23 a year earlier to 28 after the figure moved from 14 in November 2012 to 21 in November 2013.
A total of 355 new homes were sold during the 12 months that ended in December, up from 350 for the year that ended in November.
Out of all housing closings, new home closings accounted for 4.1%. This is better than the 2.6% of closings a year earlier. Following a year-over-year increase in November, closings of new and existing homes fell year-over-year in December.
Pricing and Mortgage Trends
Average price of newly sold homes had a 7.4% hike year-over-year to $213,529 per unit in December. This surge is smaller than the 8.1% boost in November year-over-year.
The average mortgage size on newly sold homes jumped year-over-year along with the average price of new homes. In December 2013, the average mortgage size on newly sold homes saw a 5.2% boost from a year earlier. Average mortgage size on new homes went from $161,426 in November 2012 to $173,251 in November 2013.