New Home Sales and Prices Decline in Salisbury According to Newest Data
Posted on: Apr 06, 2014 07:37:22 AM
In the Salisbury, MD market in December, closings of new homes slid year-over-year, and the decline was by a larger percentage than the November 2013. New home closings moved from 5 a year earlier to 2 after the figure moved from 8 in November 2012 to 6 in November 2013.
A total of 60 new homes were sold during the 12 months that ended in December, down from 63 for the year that ended in November.
New home closings were 2 out of the 100 total closings, a move on a percentage basis from 5 of 182 a year earlier. Following a year-over-year rise in November, closings of new and existing homes dropped year-over-year in December.
Pricing and Mortgage Trends
The average new home price was $149,900, down from $188,855 a year earlier. This was on the heels of a 23.1% hike in November year-over-year.
Average mortgage size on new homes increased to $206,097 from $179,137 last year. Average mortgage size on new homes went from $164,725 in November 2012 to $174,187 in November 2013.