Latest Figures Indicate Prices of New Homes Rise, Sales Stay Level in Hickory
Posted on: Nov 12, 2013 07:19:43 AM
The Hickory, NC market saw no change in new home closings year-over-year in August, staying relatively stable after having decreased year-over-year in July. Closings remained level at 8 from a year earlier after the figure moved from 12 in July 2012 to 9 in July 2013.
A total of 62 new homes were sold during the 12 months that ended in August, equal to the number of new homes sold for the year that ended in July.
New home closings were 8 out of the 419 total closings, a move on a percentage basis from 8 of 383 a year earlier. Following a year-over-year increase in July, closings of new and existing homes also rose year-over-year in August.
Pricing and Mortgage Trends
The average new home price was $174,125, up from $164,375 a year earlier. This was on the heels of a 11.0% bump in July year-over-year.
The average mortgage size on new homes was $166,671, up from $125,040. Average mortgage size on new homes went from $198,416 in July 2012 to $130,726 in July 2013.