Recent Figures Show New Home Prices Climb, Sales Decline in Hickory
Posted on: Jul 06, 2014 07:15:31 AM
In April, there was a drop year-over-year in new home closings in the Hickory, NC market, declining after staying relatively stable in March from the year earlier. Closings stood at 3 in April after being 9 a year earlier and remaining unchanged at 3 in March from a year earlier.
A total of 64 new homes were sold during the 12 months that ended in April, down from 70 for the year that ended in March.
On a percentage basis, new home closings as a part of total closings decreased to 0.8% from 2.2% a year earlier. For new and existing homes, closings declined in April after also declining in March year-over-year.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $242,500 from $138,500 a year ago. This followed a 14.7% lift in March year-over-year.
Average mortgage size on new homes increased to $273,904 from $190,153 last year. Average mortgage size on new homes went from $151,805 in March 2013 to $209,284 in March 2014.