New Home Prices Gain in Topeka According to Recent Data, Sales Steady
Posted on: Aug 08, 2014 11:53:33 AM
The Topeka, KS market saw no change in new home closings year-over-year in April, staying flat after dropping year-over-year in March from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 1 in March 2013 to none in March 2014.
Out of the 340 total closings, 1 were new home closings. This is consistent on a percentage basis with a year earlier. Following a year-over-year increase in March, closings of new and existing homes slid year-over-year in April.
Pricing and Mortgage Trends
The average price of new homes rose to $244,380 from last year's $236,875. This came after a.
Average mortgage size on new homes increased to $195,424 from $189,500 last year.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.