St. Cloud, MN - Local Housing Data - Summary

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St. Cloud, MN Local News

Freshest Numbers For St. Cloud Show New Home Closings Climb

Posted on: Jul 06, 2014 07:35:41 AM

New home closings moved from none a year earlier to 3 after the figure moved from 1 in February 2013 to 2 in February 2014.

Closings of new and existing homes grew year-over-year in March after also rising in February year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in March, but did not look to be a burden on the market. Combined, foreclosures plus REO closings accounted for 12.5% of existing home closings, below 26.3% a year earlier. The percentage of existing home closings involving foreclosures stayed at no part of closings in March from a year earlier while REO closings as a percentage of existing home closings sank to 12.5% from 26.3% a year earlier.

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