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.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Parkersburg, WV area.
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.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Parkersburg, WV area.
Source: Housing Intelligence