Freshest Figures Show New Home Sales and Prices Rise in Ocala
Posted on: Mar 06, 2014 07:30:39 AM
In the Ocala, FL market in December, closings of new homes climbed year-over-year, but the percentage lift was less pronounced than November 2013, indicating the market may be stabilizing. There was a 18.2% rise in new home closings from a year earlier. This came on the heels of a 26.3% climb year-over-year in November.
A total of 281 new homes were sold during the 12 months that ended in December, up from 277 for the year that ended in November.
Out of all housing closings, new home closings represented 3.6%. As a part of the whole, new home closings were 4.1% a year earlier. Closings of new and existing homes rose year-over-year in December following a fall in November year-over-year.
Pricing and Mortgage Trends
The average per-unit price of newly sold homes climbed year-over-year to $212,693 in December, up 16.4% from last year. This bump compares to a 6.6% decline in November from a year earlier.
Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. In December 2013, there was a 41.2% rise in the average mortgage size, reaching $161,975. In November 2013, average mortgage size on newly sold homes saw a 19.0% lift year-over-year from a year earlier.