New Home Sales Remain Level in Topeka, Prices Decrease According to Freshest Data
Posted on: Apr 06, 2014 07:43:10 AM
Closings of new homes in the Topeka, KS market remained unchanged year-over-year in December, staying level after a year-over-year decline in November from the year earlier. Closings remained level at 4 from a year earlier after the figure moved from 4 in November 2012 to 3 in November 2013.
A total of 50 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
Out of the 301 total closings, 4 were new home closings. This is consistent on a percentage basis with a year earlier. Closings of new and existing homes gained year-over-year in December after also rising in November year-over-year.
Pricing and Mortgage Trends
The average new home price was $247,146, down from $278,708 a year earlier. This followed a 39.1% hike in November year-over-year.
The average mortgage size moved to $197,717, down from last year's $238,841. Average mortgage size on new homes went from $184,697 in November 2012 to $273,653 in November 2013.