Newest Numbers For Rocky Mount Show New Home Closings and Prices Gain
Posted on: Dec 06, 2013 07:40:13 AM
The Rocky Mount, NC market saw an increase in closings of new homes in September year-over-year, rebounding from a year-over-year decline in August 2013. New home closings moved from 2 a year earlier to 4 after the figure moved from 5 in August 2012 to 4 in August 2013.
A total of 67 new homes were sold during the 12 months that ended in September, up from 65 for the year that ended in August.
New home closings were 4 out of the 140 total closings, a move on a percentage basis from 2 of 107 a year earlier. Closings of new and existing homes rose year-over-year in September following a drop in August year-over-year.
Pricing and Mortgage Trends
The average price of new homes rose to $215,375 from last year's $158,750. This followed a 70.3% bump in August year-over-year.
Average mortgage size on newly sold homes saw a decline year-over-year from $147,112 to $145,357. Average mortgage size on new homes went from $195,153 in August 2012 to $267,821 in August 2013.