Macon, GA - Local Housing Data - Summary

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Macon, GA

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Macon, GA Local News

  • Macon, GA - November 2013 - New Home Closings Figures Drop

    New home sales fell year-over-year in Macon, GA in November. Foreclosures as a percentage of existing home closings dropped, falling 3.8% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 3.7% percentage points.

  • Macon, GA - October 2013 - New Home Closings Remain Steady

    New home sales remained level from a year ago in October. Average prices of new and existing homes dropped 18.8%. Mortgage amounts on new homes moved up, rising 75.6%. Foreclosures as a percentage of existing home closings dropped, falling 13.3% percentage points.

  • Macon, GA - August 2013 - New Home Closings Numbers Suggest Market Decline is Slowing

    New home sales fell in Macon, GA in August. Mortgage amounts on new homes dropped 18.2%. Foreclosures as a percentage of existing home closings dropped, falling 7.0% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 2.3% percentage points.

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.

 
 
 

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