Newest Figures Indicate Prices of New Homes Gain, Sales Stay Level in Sumter
Posted on: Mar 06, 2014 07:42:20 AM
New home closings in the Sumter, SC market remained steady year-over-year in December, staying flat after dropping year-over-year in November from the year earlier. Closings remained level at 12 from a year earlier after the figure moved from 20 in November 2012 to 13 in November 2013.
A total of 209 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
On a percentage basis, new home closings as a part of total closings decreased to 9.8% from 14.3% a year earlier. After dropping in November from a year earlier, closings of new and existing homes rose year-over-year in December.
Pricing and Mortgage Trends
The average price of new homes was $190,828, an increase from $181,424 a year earlier. This was on the heels of a 24.8% rise in November year-over-year.
From the year-ago figure of $169,257, the average mortgage size on new homes moved up to $177,726. Average mortgage size on new homes went from $186,034 in November 2012 to $206,472 in November 2013.