Recent Numbers Show New Home Sales Drop in Rome
Posted on: Jul 06, 2014 07:31:30 AM
Closings of new homes declined year-over-year in April in the Rome, GA market, falling after remaining level in March from the year earlier. Closings stood at 0 in April after being 1 a year earlier and remaining unchanged at 1 in March from a year earlier.
New home closings were none out of the 116 total closings, a move on a percentage basis from 1 of 124 a year earlier. Closings of new and existing homes sank year-over-year in April after also falling in March year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) closings decreased in April from a year earlier, but remained a drag on the market. Together, foreclosures plus REO closings represented 47.4% of existing home closings, down from 60.2% a year earlier. The percentage of existing home closings involving foreclosures declined to 20.7% in April from 32.5% a year earlier and REO closings moved from 27.6% of existing home closings in April 2013 to 26.7% in April 2014.
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