Latest Numbers Show New Home Sales Decrease in Jacksonville
Posted on: Dec 06, 2013 07:23:02 AM
In September, there was a decline year-over-year in new home closings in the Jacksonville, NC market, but the percentage drop was not as steep as August 2013, suggesting market improvement. There was a 39.0% fall in new home closings from a year earlier. This came on the heels of a 40.1% decline year-over-year in August.
A total of 1,247 new homes were sold during the 12 months that ended in September, down from 1,295 for the year that ended in August.
Out of all housing closings, new home closings accounted for 27.0%. This is down from the a year earlier when new home closings made up 37.0% of total closings. For new and existing homes, closings sank in September after also declining in August year-over-year.
Pricing and Mortgage Trends
For newly sold homes, the average price moved from $183,898 in September 2012 to $184,695 in September 2013. This was on the heels of a 3.4% lift in August year-over-year.
There was a lift year-over-year in the average mortgage size on new homes along with new home prices. In September 2013, there was a 3.2% rise in the average mortgage size, reaching $193,542. In August 2013, average mortgage size on newly sold homes saw a 1.7% hike year-over-year from a year earlier.