St. Joseph, MO - Local Housing Data - Summary

Change location:

Region

State

City

St. Joseph, MO, KS

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

St. Joseph, MO Local News

New Home Sales Level from Last Year, Prices Decrease in St. Joseph - August 2014

Posted on: Aug 09, 2014 07:02:35 AM

The St. Joseph, MO market saw no change in new home closings year-over-year in May, remaining level after showing little movement in April from the year earlier. Closings stayed at 1, unchanged from a year earlier after being consistent at 1 in April from the year earlier.

1 of the 146 total closings were new home closings, consistent with the year-earlier figures in terms of percentage. After new and existing closings grew in April year-over-year, they stayed level in May.

Pricing and Mortgage Trends

The average value of newly sold homes in May 2014 was $67,500, down from last year's $175,507. This was on the heels of a 55.4% fall in April from a year earlier.

There was a decline in average mortgage size on new homes, going from $140,406 last year to $84,000 in May 2014. Average mortgage size on new homes went from $178,711 in April 2013 to $93,000 in April 2014.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in May 2014.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.