New Home Sales Remain Level in Florence, Prices Drop According to Freshest Data
Posted on: Apr 06, 2014 07:14:26 AM
Closings of new homes in the Florence, SC market remained unchanged year-over-year in January, remaining relatively stable after moving north year-over-year in December from the year earlier. Closings remained level at 8 from a year earlier after the figure moved from 6 in December 2012 to 12 in December 2013.
A total of 133 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
New home closings were 8 out of the 131 total closings, a move on a percentage basis from 8 of 145 a year earlier. Following a year-over-year rise in December, closings of new and existing homes slid year-over-year in January.
Pricing and Mortgage Trends
The average value of newly sold homes in January 2014 was $156,738, down from last year's $204,484. This came after a 20.0% fall in December from a year earlier.
Average mortgage size on new homes fell from $173,637 to $126,053. Average mortgage size on new homes went from $199,183 in December 2012 to $169,604 in December 2013.