Rome, GA - Local Housing Data - Summary

Change location:

Region

State

City

Rome, GA

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Rome, GA Local News

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.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Rome, GA area.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.