New Home Closings in Hickory Gain, Prices Fall According to Freshest Figures
Posted on: Apr 06, 2014 07:17:53 AM
The Hickory, NC market saw a rise in new home closings in January year-over-year, rebounding from a year-over-year decline in December 2013. New home closings moved from 2 a year earlier to 3 after the figure moved from 4 in December 2012 to 3 in December 2013.
A total of 68 new homes were sold during the 12 months that ended in January, up from 67 for the year that ended in December.
New home closings were 3 out of the 277 total closings, a move on a percentage basis from 2 of 329 a year earlier. Following a year-over-year rise in December, closings of new and existing homes slid year-over-year in January.
Pricing and Mortgage Trends
The average per-unit price of new homes was $105,667, compared with $283,500 last year. This followed a 19.9% decline in December from a year earlier.
Average mortgage size on new homes fell from $360,000 to $104,183. Average mortgage size on new homes went from $188,511 in December 2012 to $152,250 in December 2013.