Recent Figures Show New Home Prices Increase, Sales Decline in Goldsboro
Posted on: Aug 08, 2014 11:23:24 AM
In the Goldsboro, NC market, closings of new homes declined year-over-year in April, but the decline was less than the year-over-year decline in March. New home closings moved from 7 a year earlier to 2 after the figure moved from 5 in March 2013 to none in March 2014.
Last year, 7 of 47 total closings were new homes, and this percentage saw a decline as new home closings this year made up 2 of the 57 total closings. After dropping in March from a year earlier, closings of new and existing homes climbed year-over-year in April.
Pricing and Mortgage Trends
The average price of new homes was $227,550, an increase from $190,571 a year earlier. This was on the heels of a.
There was a decline in average mortgage size on new homes, going from $194,970 last year to $167,150 in April 2014.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.