Freshest Numbers Show New Home Sales Drop in Jacksonville
Posted on: Mar 06, 2014 07:20:18 AM
Closings of new homes in the Jacksonville, NC market declined year-over-year in December, but the percentage decline, which was less than that of November 2013, gave hints that the market may be evening out. New home closings saw a decline of 33.6% from the year earlier to 81. This was after the housing market saw a 49.1% drop year-over-year in November.
A total of 1,173 new homes were sold during the 12 months that ended in December, down from 1,214 for the year that ended in November.
New home closings made up 28.4% of overall housing closings. This is down from the a year earlier when new home closings made up 43.9% of total closings. Closings of new and existing homes jumped in December after staying steady in November from a year earlier.
Pricing and Mortgage Trends
The average value of newly sold homes moved to $188,681 in December 2013 from $187,238 in December 2012. This came after a 10.0% surge in November year-over-year.
Average mortgage size on new homes went from $190,252 in December 2012 to $191,022 in December 2013. In November 2013, average mortgage size grew 6.9% from a year earlier.