Newest Figures Show New Home Sales and Prices Gain in Greensboro
Posted on: Apr 06, 2014 07:16:37 AM
In the Greensboro, NC market in January, new home closings gained year-over-year, but there were hints the market may be evening out with a percentage lift shallower than December 2013. New home closings saw a boost of 14.3% from the year earlier to 56. This followed a twofold boost year-over-year in December.
A total of 849 new homes were sold during the 12 months that ended in January, up from 842 for the year that ended in December.
New home closings made up 8.3% of overall housing closings. This marks a rise from 6.7% of total closings a year earlier. Following a year-over-year decline in December, closings of new and existing homes also slid year-over-year in January.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes increased year-over-year to $234,734 in January, up 15.8% from last year. This boost is an improvement over the 7.4% hike in December year-over-year.
For newly sold homes, the average mortgage size saw a rise year-over-year along with new home prices. It grew to $205,129 in January, a 12.5% boost. In December 2013, average mortgage size on newly sold homes saw a 3.4% rise year-over-year from a year earlier.