New Home Sales Remain Level in Hickory, Prices Decrease According to Newest Data
Posted on: Mar 06, 2014 07:18:10 AM
New home closings in the Hickory, NC market were unchanged year-over-year in December, remaining relatively stable after moving north year-over-year in November from the year earlier. Closings remained level at 3 from a year earlier after the figure moved from 5 in November 2012 to 9 in November 2013.
A total of 67 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
New home closings were 3 out of the 339 total closings, a move on a percentage basis from 3 of 287 a year earlier. Following a year-over-year increase in November, closings of new and existing homes also jumped year-over-year in December.
Pricing and Mortgage Trends
The average new home price was $184,333, down from $255,667 a year earlier. This followed a 32.8% rise in November year-over-year.
Average mortgage size on new homes fell from $198,967 to $152,250. Average mortgage size on new homes went from $119,000 in November 2012 to $169,328 in November 2013.