New Home Sales and Prices Decline in Greenville According to Newest Data
Posted on: Jul 06, 2014 07:14:50 AM
In April, there was a decline year-over-year in new home closings in the Greenville, NC market, but the percentage fall was less than that of March 2014, hinting that the market may be strengthening. New home closings saw a fall of 26.5% from the year earlier to 25. This came on the heels of a 33.3% fall year-over-year in March.
A total of 291 new homes were sold during the 12 months that ended in April, down from 300 for the year that ended in March.
Out of all housing closings, new home closings represented 11.7%. This is a drop 12.8% of closings a year earlier. Following a year-over-year decline in March, closings of new and existing homes also declined year-over-year in April.
Pricing and Mortgage Trends
In April, the average price for new home closings was $178,304, a 3.3% drop from last year. This fall is a drop off from the 5.9% decline in March from a year earlier.
There was a surge year-over-year in the average mortgage size on new homes in contrast to new home prices. In April 2014, the average mortgage size was $177,120, a 3.8% boost from a year earlier. In March 2014, average mortgage size on newly sold homes saw a 8.4% drop from a year earlier.