New Home Sales Increase in Dalton According to Newest Data
Posted on: Apr 06, 2013 07:08:37 AM
In the Dalton, GA market in January, closings of new homes rose year-over-year, rebounding from a year-over-year decline in December 2012. New home closings moved from none a year earlier to one after the figure moved from three in December 2011 to one in December 2012.
A total of 11 new homes were sold during the 12 months that ended in January, up from 10 for the year that ended in December.
Following a year-over-year decline in December, closings of new and existing homes also dropped year-over-year in January.
Other Market Trends
The average size of newly sold homes was 1,326 in January 2013 while there were no new home closings a year earlier.
Foreclosures and real estate owned (REO) closings declined in January from a year earlier, but stayed a drag on the market. Together, foreclosures plus REO closings made up 64.0% of existing home closings, down from 77.1% a year earlier. The percentage of existing home closings involving foreclosures fell to 28.1% in January from 39.2% a year earlier while REO closings as a percentage of existing home closings fell to 36.0% from 37.9% a year earlier.