Newest Numbers Show New Home Prices Increase in Ocala, Sales Steady
Posted on: Apr 06, 2014 07:30:26 AM
New home closings in the Ocala, FL market remained steady year-over-year in January, leveling out after a year-over-year gain in December. Closings were unchanged from last year at 19. There was a jump of 18.2% in new home closings in the same month last year.
A total of 281 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
Of the total number of closings, new home closings made up 3.3%. A year ago, 3.0% of total closings were new home closings. After rising year-over-year in December, closings of new and existing homes sank year-over-year in January.
Pricing and Mortgage Trends
Average price of newly sold homes had a 7.3% hike year-over-year to $222,424 per unit in January. This lift is smaller than the 16.4% boost in December year-over-year.
The average mortgage size on new homes moved north year-over-year along with new home prices. In January 2014, the average mortgage size was $178,062, up 9.4% from a year earlier. In December 2013, average mortgage size on newly sold homes saw a 41.2% bump year-over-year from a year earlier.