Recent Figures Show New Home Sales and Prices Increase in Tallahassee
Posted on: Dec 06, 2013 07:46:40 AM
In the Tallahassee, FL market in September, new home closings rose year-over-year, but the increase was less than August 2013. New home closings moved from 10 a year earlier to 12 after the figure moved from 13 in August 2012 to 16 in August 2013.
A total of 145 new homes were sold during the 12 months that ended in September, up from 143 for the year that ended in August.
12 of the 447 total closings were new home closings, a shift on a percentage basis from 10 out of 301 a year earlier. For new and existing homes, closings gained year-over-year in September after also increasing in August year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $247,783, an increase from $205,070 a year earlier. This came after a 14.9% lift in August year-over-year.
Average mortgage size on new homes rose from $205,300 to $210,489. Average mortgage size on new homes went from $220,491 in August 2012 to $249,457 in August 2013.