Recent Numbers Show Prices of New Homes Rise in Greenville, Sales Fall
Posted on: May 06, 2013 07:14:42 AM
In the Greenville, SC market, closings of new homes fell year-over-year in February, sliding down after a lift in January 2013. Closings fell 8.2% from a year earlier to 67. This was after the housing market saw a 33.3% rise year-over-year in January.
A total of 1,080 new homes were sold during the 12 months that ended in February, down from 1,086 for the year that ended in January.
As a percentage of overall housing closings, new home closings accounted for 12.1% of overall housing closings. A year ago, 12.9% of total closings were new home closings. Following a year-over-year increase in January, closings of new and existing homes dipped year-over-year in February.
Pricing and Mortgage Trends
The average price of newly sold homes rose year-over-year 1.1% in February to $227,157 per unit. This rise follows a move from $220,873 per unit in January 2012 to $221,130 in January 2013.
For newly sold homes, the average mortgage size saw a rise year-over-year along with new home prices. The average mortgage size saw a 1.9% rise year-over-year to $206,115 in February. Average mortgage size jumped 15.5% in January 2013 from a year earlier.