Recent Figures Show New Home Sales Rise in Parkersburg
Posted on: May 06, 2013 07:28:08 AM
There was a rise in closings of new homes in the Parkersburg, WV market in February year-over-year, moving up after staying consistent in January from the year earlier. Closings stood at two in February after being zero a year earlier and the figure was unchanged at zero in January from a year earlier.
A total of 19 new homes were sold during the 12 months that ended in February, up from 17 for the year that ended in January.
Following a year-over-year increase in January, closings of new and existing homes also increased year-over-year in February.
Other Market Trends
Foreclosures and real estate owned (REO) closings did not appear to be dragging the market. Combined, foreclosures plus REO closings made up 18.8% of existing home closings. In February 2012, they represented 17.1%. The percentage of existing home closings involving foreclosures rose to 9.4% in February from 5.3% a year earlier while REO closings as a percentage of existing home closings fell to 9.4% from 11.8% a year earlier.
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