New Home Sales Climb in Salisbury, Prices Fall According to Freshest Data
Posted on: Dec 06, 2013 07:41:19 AM
Closings of new homes in the Salisbury, MD market rose year-over-year in August, rebounding from a year-over-year decline in July 2013. New home closings moved from 6 a year earlier to 7 after the figure moved from 8 in July 2012 to 3 in July 2013.
A total of 65 new homes were sold during the 12 months that ended in August, up from 64 for the year that ended in July.
New home closings were 7 out of the 121 total closings, a move on a percentage basis from 6 of 98 a year earlier. Following a year-over-year increase in July, closings of new and existing homes also grew year-over-year in August.
Pricing and Mortgage Trends
The average per-unit price of new homes was $209,011, compared with $253,364 last year. This came after a 11.7% gain in July year-over-year.
From the year-ago figure of $176,943, the average mortgage size on new homes moved up to $178,958. Average mortgage size on new homes went from $165,715 in July 2012 to $191,812 in July 2013.