New Home Sales and Prices Decrease in Macon According to Latest Data
Posted on: May 06, 2013 07:22:22 AM
In the Macon, GA market, closings of new homes slid year-over-year in January, and the decline was by a larger percentage than the December 2012. New home closings moved from nine a year earlier to two after the figure moved from 10 in December 2011 to three in December 2012.
A total of 37 new homes were sold during the 12 months that ended in January, down from 44 for the year that ended in December.
New home closings accounted for two of the 197 total closings, a smaller percentage compared with nine of 266 closings a year earlier. Closings of new and existing homes sank year-over-year in January after also falling in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $90,000 per unit in January 2013, which is down from $173,939 a year ago. This was on the heels of a more than twofold lift in December year-over-year.
Average mortgage size on new homes fell from $141,618 to $90,000. Average mortgage size on new homes went from $133,364 in December 2011 to $202,239 in December 2012.