Recent Numbers Show Prices of New Homes Increase in Ocala, Sales Fall
Posted on: Jul 06, 2014 07:26:27 AM
The Ocala, FL market saw a drop in new home closings year-over-year in April, a drop following an increase in March 2014. New home closings saw a fall of 23.1% from the year earlier to 20. This followed a 60.9% rise year-over-year in March.
A total of 288 new homes were sold during the 12 months that ended in April, down from 294 for the year that ended in March.
As a percentage of overall housing closings, new home closings accounted for 2.7%. This is down from the a year earlier when new home closings represented 3.8% of total closings. Following a drop in March year-over-year, closings of new and existing homes grew year-over-year in April.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes grew year-over-year to $319,908 in April, up 51.3% from last year. This surge is higher than the 5.4% gain in March year-over-year.
Average mortgage size on new homes dropped year-over-year in contrast to new home prices. In April 2014, average mortgage size on new homes sold was $166,320, down 10.3% from a year earlier. In March 2014, average mortgage size on newly sold homes saw a 5.6% rise year-over-year from a year earlier.