Latest Numbers Show Prices of New Homes Gain in Rocky Mount, Sales Decrease
Posted on: Jul 06, 2014 07:31:22 AM
New home closings in the Rocky Mount, NC market slid year-over-year in April, but the decline was less than the year-over-year decline in March. New home closings moved from 7 a year earlier to 4 after the figure moved from 4 in March 2013 to none in March 2014.
New home closings represented 4 out of the 134 total closings, which is a smaller percentage than the 7 of 135 total closings a year earlier. Closings of new and existing homes stayed level after declining in March year-over-year.
Pricing and Mortgage Trends
The average new home value went from $175,143 last year to $243,875. This followed a.
Average mortgage size on new homes increased to $204,665 from $154,815 last year.
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.