Freshest Numbers Indicate New Home Closings and Prices Decline in Warner Robins
Posted on: Aug 08, 2014 11:55:46 AM
In May, there was a drop year-over-year in new home closings in the Warner Robins, GA market, but the decline was less than the year-over-year decline in April. New home closings moved from 25 a year earlier to 4 after the figure moved from 36 in April 2013 to 4 in April 2014.
A total of 99 new homes were sold during the 12 months that ended in May, down from 120 for the year that ended in April.
New home closings were 4 out of the 210 total closings, down on a percentage basis from 25 of 269 a year earlier. For new and existing homes, closings sank in May after also declining in April year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $143,600, compared with $210,241 last year. This came after a 3.3% rise in April year-over-year.
The average mortgage size went down to $173,647 from $201,938 a year earlier. Average mortgage size on new homes went from $202,477 in April 2013 to $214,688 in April 2014.