Greenville, NC - Local Housing Data - Summary

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Greenville, NC Local News

  • Greenville, NC - April 2014 - New Home Closings Numbers Suggest Market Fall is Slowing

    New home sales fell in Greenville, NC in April. Mortgage amounts on new homes moved up, rising 3.8%. The percentage of new home closings belonging to attached homes dropped, falling 8.8% percentage points. Average prices of new and existing homes dropped 9.0%. The percentage of new home closings...

  • Greenville, NC - March 2014 - Figures for New Home Closings Drop

    New home sales fell year-over-year in Greenville, NC in March. The percentage of new home closings belonging to single family homes rose, climbing 8.3% percentage points. Average prices of new and existing homes moved up, rising 1.2%. Mortgage amounts on new homes dropped 8.4%. Foreclosures as a...

  • Greenville, NC - February 2014 - New Home Closings Stay Level

    New home sales remained level from a year ago in Greenville, NC in February. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 8.8% percentage points. Foreclosures as a percentage of existing home closings dropped, falling 1.3% percentage points. Mortgage...

New Home Prices Gain in Greenville According to Latest Figures, Sales Drop

Posted on: Aug 08, 2014 11:25:00 AM

In the Greenville, NC market, new home closings slid year-over-year in May, and the market seemed to be weakening with a percentage fall steeper than in April 2014. There was a 52.8% fall in new home closings from a year earlier. This came on the heels of a 13.8% drop year-over-year in April.

A total of 254 new homes were sold during the 12 months that ended in May, down from 273 for the year that ended in April.

Out of all housing closings, new home closings represented 5.0%. This is down from the 15.1% of closings a year earlier. Following a fall in April year-over-year, closings of new and existing homes climbed year-over-year in May.

Pricing and Mortgage Trends

In May, the average value of new homes saw a 13.7% lift year-over-year as it grew to $206,976 per unit. This gain compares to a 8.8% drop in April from a year earlier.

The average mortgage size on new homes moved north year-over-year along with new home prices. It grew 13.6% in May from a year earlier to $196,782. In April 2014, average mortgage size on newly sold homes saw a 6.1% rise year-over-year from a year earlier.

 
 
 

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