Latest Figures Show New Home Sales and Prices Rise in Macon
Posted on: Apr 06, 2014 07:25:10 AM
The Macon, GA market saw an increase in closings of new homes in December year-over-year, rebounding from a year-over-year decline in November 2013. New home closings moved from 3 a year earlier to 5 after the figure moved from 2 in November 2012 to 1 in November 2013.
A total of 44 new homes were sold during the 12 months that ended in December, up from 42 for the year that ended in November.
New home closings were 5 out of the 306 total closings, a move on a percentage basis from 3 of 257 a year earlier. After dropping in November from a year earlier, closings of new and existing homes rose year-over-year in December.
Pricing and Mortgage Trends
The average price of new homes was $207,500, an increase from $181,280 a year earlier. This followed a 44.6% rise in November year-over-year.
Average mortgage size on new homes rose from $164,035 to $211,634.