Latest Figures Show New Home Sales and Prices Drop in Macon
Posted on: Aug 08, 2014 11:34:17 AM
New home closings in the Macon, GA market fell year-over-year in March, and the decline was by a larger percentage than the February 2014. New home closings moved from 4 a year earlier to 1 after the figure moved from 2 in February 2013 to 1 in February 2014.
A total of 39 new homes were sold during the 12 months that ended in March, down from 42 for the year that ended in February.
New home closings represented 1 out of the 290 total closings, which is a smaller percentage than the 4 of 290 total closings a year earlier. Closings of new and existing homes stayed level after declining in February year-over-year.
The average new home price was $149,000, down from $173,036 a year earlier. This came after a 3.5% lift in February year-over-year.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in March 2014.