Parkersburg, WV - Local Housing Data - Summary

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Parkersburg, Marietta, Vienna, WV, OH

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Parkersburg, WV Local News

Latest Figures Show New Home Sales and Prices Decrease in Parkersburg

Posted on: Jul 06, 2014 07:28:03 AM

In April, the Parkersburg, WV market saw a decline year-over-year in new home closings, sliding after a growth in March 2014. New home closings moved from 4 a year earlier to 2 after the figure moved from 1 in March 2013 to 4 in March 2014.

New home closings were 2 out of the 130 total closings, down on a percentage basis from 4 of 154 a year earlier. Closings of new and existing homes slid year-over-year in April after also falling in March year-over-year.

Pricing and Mortgage Trends

The average new home price was $73,500, down from $118,500 a year earlier. This came after a more than twofold surge in March year-over-year.

The average mortgage size on new homes was $68,375, up from $13,728.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in April 2014.

 
 
 

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