New Home Closings and Prices in Macon Fall According to Newest Figures
Posted on: Dec 06, 2013 07:28:22 AM
In the Macon, GA market, new home closings dropped year-over-year in August, but the decline was less than the year-over-year decline in July. New home closings moved from 5 a year earlier to 4 after the figure moved from 3 in July 2012 to 2 in July 2013.
A total of 46 new homes were sold during the 12 months that ended in August, down from 47 for the year that ended in July.
New home closings were 4 out of the 308 total closings, a move on a percentage basis from 5 of 312 a year earlier. Following a year-over-year increase in July, closings of new and existing homes slid year-over-year in August.
Pricing and Mortgage Trends
The average value of newly sold homes in August 2013 was $168,250, down from last year's $200,700. This was on the heels of a 10.7% drop in July from a year earlier.
The average mortgage size moved to $144,935, down from last year's $177,082. Average mortgage size on new homes went from $222,500 in July 2012 to $179,145 in July 2013.