New Home Closings Increase in Parkersburg According to Freshest Data
Posted on: Mar 06, 2014 07:32:34 AM
Rebounding from a year-over-year decline in November 2013. New home closings moved from none a year earlier to 2 after the figure moved from 2 in November 2012 to 1 in November 2013.
Closings of new and existing homes sank year-over-year in December after also falling in November year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to drop from a year earlier in December, but did not look to be a burden on the market. Together, foreclosures plus REO closings represented 16.5% of existing home closings, down from 17.5% a year earlier. The percentage of existing home closings involving foreclosures declined to 7.3% in December from 10.3% a year earlier while REO closings as a percentage of existing home closings increased to 9.2% from 7.1%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Parkersburg, WV area.