Greenville New Home Sales Rise According to Freshest Numbers
Posted on: May 13, 2014 07:16:56 AM
In the Greenville, SC market in February, closings of new homes rose year-over-year, rising after a drop in January 2014. New home closings saw a 7.1% boost from a year earlier to 91. This came after a 15.0% decline year-over-year in January.
A total of 1,400 new homes were sold during the 12 months that ended in February, up from 1,394 for the year that ended in January.
As a percentage of overall housing closings, new home closings represented 13.7%. This is a lift from 12.7% of closings a year earlier. For new and existing homes, closings fell in February after also declining in January year-over-year.
Pricing and Mortgage Trends
The average value for new homes sold in February 2014 was $242,789, a move from $240,400 a year earlier. This followed a 1.6% bump in January year-over-year.
The average mortgage size on newly sold homes moved south year-over-year in contrast to new home prices. In February 2014, the average mortgage size on newly sold homes saw a 5.8% fall from a year earlier. Average mortgage size sank 3.8% in January 2014 from a year earlier.