Freshest Numbers Show New Home Closings Climb in Ocala, Prices Drop
Posted on: Nov 12, 2013 07:33:51 AM
In the Ocala, FL market, new home closings climbed year-over-year in August, but the increase was less than July 2013. New home closings moved from 24 a year earlier to 32 after the figure moved from 14 in July 2012 to 44 in July 2013.
A total of 313 new homes were sold during the 12 months that ended in August, up from 305 for the year that ended in July.
New home closings represented 4.5% of overall housing closings. They made up 3.9% of closings a year earlier. For new and existing homes, closings jumped year-over-year in August after also increasing in July year-over-year.
Pricing and Mortgage Trends
In August, there was a 7.6% fall year-over-year in the average per-unit price of newly sold homes, settling at $187,644. This fall is a drop off from the 10.3% drop in July from a year earlier.
There was a boost year-over-year in the average mortgage size on new homes in contrast to new home prices. Average mortgage size jumped 12.0% to $157,416 in August from a year earlier. Average mortgage size on new homes went from $133,687 in July 2012 to $139,630 in July 2013.