New Home Sales and Prices Both Increase in Warner Robins According to Freshest Data
Posted on: Apr 06, 2014 07:45:05 AM
There was a rise in closings of new homes in the Warner Robins, GA market in January year-over-year, moving north after a drop in December 2013. Closings rose 26.7% from a year earlier to 19. This came on the heels of a 25.8% fall year-over-year in December.
A total of 346 new homes were sold during the 12 months that ended in January, up from 342 for the year that ended in December.
Of 131 total closings, 19 were of new homes. This is better than the 9.9% of closings a year earlier. Closings of new and existing homes saw a decline year-over-year in January after remaining steady in December year-over-year.
Pricing and Mortgage Trends
In January, there was a 10.6% lift year-over-year in the average price of newly sold homes, reaching $233,337 per unit. This boost is smaller than the 23.0% bump in December year-over-year.
The average mortgage size on newly sold homes climbed year-over-year along with the average price of new homes. It increased 12.7% in January from a year earlier to $228,275. In December 2013, average mortgage size increased 25.4% from a year earlier.