Prices of New Homes Increase in Goldsboro, Sales Decline - July 2014
Posted on: Jul 08, 2014 07:00:57 AM
In March, the Goldsboro, NC market saw a drop year-over-year in new home closings, but the decline was less than the year-over-year decline in February. New home closings moved from 6 a year earlier to 5 after the figure moved from 8 in February 2013 to 4 in February 2014.
A total of 62 new homes were sold during the 12 months that ended in March, down from 63 for the year that ended in February.
New home closings were 5 of the 28 total closings, up on a percentage basis from 6 of 47 a year earlier. Following a year-over-year increase in February, closings of new and existing homes fell year-over-year in March.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $221,420 from $157,583 a year ago. This followed a move from $183,813 per unit to $184,875 from February 2013 to February 2014.
Average mortgage size on new homes increased to $224,878 from $152,989 last year. Average mortgage size on new homes went from $185,654 in February 2013 to $176,626 in February 2014.