Prices of New Homes Gain in Tallahassee, Sales Steady According to Newest Figures
Posted on: Apr 06, 2014 07:42:33 AM
Closings of new homes in the Tallahassee, FL market remained steady year-over-year in January, staying level after a year-over-year increase in December from a year earlier. Closings remained level at 11 from a year earlier after the figure moved from 9 in December 2012 to 20 in December 2013.
A total of 165 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.
New home closings were 11 out of the 340 total closings, a move on a percentage basis from 11 of 309 a year earlier. For new and existing homes, closings climbed year-over-year in January after also increasing in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $225,350, an increase from $171,991 a year earlier. This came after a 23.8% hike in December year-over-year.
Average mortgage size on new homes moved from $192,982 to $192,760. Average mortgage size on new homes went from $157,055 in December 2012 to $187,899 in December 2013.