New Home Sales Rise in St. Joseph, Prices Decrease According to Freshest Data
Posted on: Mar 06, 2014 07:41:43 AM
There was a rise in new home closings in the St. Joseph, MO market in December year-over-year, rebounding from a year-over-year decline in November 2013. New home closings moved from 2 a year earlier to 3 after the figure moved from 3 in November 2012 to none in November 2013.
3 of the 132 total closings were new home closings, a shift on a percentage basis from 2 out of 137 a year earlier. Following a year-over-year decline in November, closings of new and existing homes also declined year-over-year in December.
Pricing and Mortgage Trends
The average new home price was $47,708, down from $226,320 a year earlier. This was on the heels of a.
Average mortgage size on new homes fell from $199,200 to $57,833.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in December 2013.