New Home Closings and Prices in Florence Gain According to Recent Figures
Posted on: Nov 12, 2013 07:15:40 AM
In the Florence, SC market in August, new home closings jumped year-over-year, rebounding from a year-over-year decline in July 2013. New home closings moved from 6 a year earlier to 8 after the figure moved from 9 in July 2012 to 8 in July 2013.
A total of 122 new homes were sold during the 12 months that ended in August, up from 120 for the year that ended in July.
New home closings were 8 of the 186 total closings, up on a percentage basis from 6 of 184 a year earlier. For new and existing homes, closings rose year-over-year in August after also increasing in July year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $258,376 from $180,467 a year ago. This came after a 1.5% bump in July year-over-year.
Average mortgage size on new homes went from $160,488 a year earlier to $226,832. Average mortgage size went from $193,826 in July 2012 to $193,552 in July 2013.