New Home Sales Decrease in Jacksonville According to Freshest Data
Posted on: Apr 06, 2014 07:20:13 AM
New home closings in the Jacksonville, NC market fell year-over-year in January, but compared with December 2013, the percentage fall was less steep, hinting the market may be strengthening. New home closings saw a fall of 31.4% from the year earlier to 70. This was after the housing market saw a 33.6% drop year-over-year in December.
A total of 1,152 new homes were sold during the 12 months that ended in January, down from 1,184 for the year that ended in December.
New home closings accounted for 24.2% of overall housing closings. This is down from the 37.6% of closings a year earlier. Following a year-over-year increase in December, closings of new and existing homes also climbed year-over-year in January.
Pricing and Mortgage Trends
The average price of new homes went from $185,059 in January 2013 to $183,621 in January 2014. This was on the heels of a move from $187,238 per unit in December 2012 to $188,681 in December 2013.
The average mortgage size on newly sold homes saw a bump year-over-year in contrast to new home prices. In January 2014, average mortgage size grew 1.5% from a year earlier to $189,620. Average mortgage size went from $190,252 in December 2012 to $191,022 in December 2013.