Freshest Numbers Indicate New Home Closings and Prices Fall in Parkersburg
Posted on: Aug 08, 2014 11:41:44 AM
In the Parkersburg, WV market, closings of new homes declined year-over-year in April, 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 2.6% of total closings a year earlier, and this percentage saw a decline as new home closings this year made up 2 of the 130 total closings. Closings of new and existing homes sank year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average value of newly sold homes in April 2014 was $73,500, down from last year's $118,500. This came after a more than twofold boost in March year-over-year.
Average mortgage size on new homes went from $13,728 a year earlier to $68,375.
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.