New Home Closings and Prices in Greenville Gain According to Latest Figures
Posted on: Apr 06, 2014 07:16:55 AM
In January, closings of new homes grew year-over-year in the Greenville, NC market, but the percentage bump was less than December 2013, suggesting the market may be leveling. Closings climbed 21.1% from a year earlier to 23. This came on the heels of a 93.3% boost year-over-year in December.
A total of 305 new homes were sold during the 12 months that ended in January, up from 301 for the year that ended in December.
Of 136 total closings, 23 were of new homes. This is an increase on a percentage basis, as new home closings were 13.0% of total closings a year ago. Following a year-over-year rise in December, closings of new and existing homes fell year-over-year in January.
Pricing and Mortgage Trends
Average price of newly sold homes saw a 1.7% hike year-over-year in January to $182,530 per unit. This gain compares to a 17.8% decline in December from a year earlier.
For newly sold homes, the average mortgage size saw a fall year-over-year in contrast to new home prices. In January 2014, the average mortgage size on newly sold homes saw a 9.8% drop from a year earlier. Average mortgage size fell 7.2% in December 2013 from a year earlier.