Topeka, KS - Recent New Home Sales Numbers Suggest Market Fall is Deepening
Posted on: May 07, 2012 09:52:07 AM
New home sales in the Topeka, KS market dropped year-over-year in January, and the decline was by a larger percentage than the December 2011. New home sales moved from six a year earlier to none after the figure moved from 14 in December 2010 to four in December 2011.
A total of 68 new homes were sold during the 12 months that ended in January, down from 74 for the year that ended in December.
Out of 173 total sales, none were of new homes, which makes up a smaller percentage than the six out of 221 total sales last year. For new and existing homes, sales slid in January after also declining in December year-over-year.
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Other Market Trends
Foreclosures and real estate owned (REO) sales stayed steady in January from a year earlier, but remained a burden on the market. Combined, foreclosures plue REO sales accounted for 28.9% of existing home sales, relatively unchanged from a year earlier. The percentage of existing home sales involving foreclosures went from 13.5% in January 2011 to 13.3% in January 2012 and REO sales moved from 16.3% of existing home sales in January 2011 to 15.6% in January 2012.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Topeka, KS - Recent New Home Sales Numbers Suggest Market Fall is Deepening
Posted on: May 07, 2012 09:52:07 AM
New home sales in the Topeka, KS market dropped year-over-year in January, and the decline was by a larger percentage than the December 2011. New home sales moved from six a year earlier to none after the figure moved from 14 in December 2010 to four in December 2011.
A total of 68 new homes were sold during the 12 months that ended in January, down from 74 for the year that ended in December.
Out of 173 total sales, none were of new homes, which makes up a smaller percentage than the six out of 221 total sales last year. For new and existing homes, sales slid in January after also declining in December year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) sales stayed steady in January from a year earlier, but remained a burden on the market. Combined, foreclosures plue REO sales accounted for 28.9% of existing home sales, relatively unchanged from a year earlier. The percentage of existing home sales involving foreclosures went from 13.5% in January 2011 to 13.3% in January 2012 and REO sales moved from 16.3% of existing home sales in January 2011 to 15.6% in January 2012.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence