New Home Sales and Prices Decrease in Macon According to Newest Data
Posted on: Jul 06, 2014 07:22:14 AM
Closings of new homes in the Macon, GA market dropped 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 remained steady in March after falling in February year-over-year.
The average value of newly sold homes in March 2014 was $149,000, down from last year's $173,036. This followed a 3.5% hike 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.