Recent Figures Show New Home Sales and Prices Fall in Hickory
Posted on: May 06, 2013 07:15:38 AM
In the Hickory, NC market, closings of new homes sank year-over-year in February, declining after staying relatively stable in January from the year earlier. Closings stood at two in February after being six a year earlier and remaining unchanged at two in January from a year earlier.
A total of 67 new homes were sold during the 12 months that ended in February, down from 71 for the year that ended in January.
On a percentage basis, new home closings as a part of total closings decreased to 1.0% from 2.2% a year earlier. Following a year-over-year rise in January, closings of new and existing homes dropped year-over-year in February.
Pricing and Mortgage Trends
The average new home price in February 2013 went down to $114,750 from $151,167 last year. This followed a 25.4% bump in January year-over-year.
There was a decline in average mortgage size on new homes, going from $147,656 last year to $117,597 in February 2013. Average mortgage size on new homes went from $312,000 in January 2012 to $360,000 in January 2013.