Newest Figures Show New Home Sales Level in Dalton From Last Year
Posted on: Aug 08, 2014 11:17:03 AM
New home closings in the Dalton, GA market were unchanged year-over-year in May, staying level after a year-over-year decline in April from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in April 2013 to none in April 2014. New home closings moved from none a year earlier to none after the figure moved from 1 in April 2013 to none in April 2014.
Closings of new and existing homes increased year-over-year in May following a fall in April year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings fell in May from a year earlier, but stayed a drag on the market. Together, foreclosures plus REO closings accounted for 38.1% of existing home closings, down from 52.8% a year earlier. The percentage of existing home closings involving foreclosures went from 18.4% in May 2013 to 18.1% in May 2014 and REO closings as a percentage of existing home closings dropped to 20.0% from 34.4% a year earlier.
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