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.