Latest Figures Show New Home Prices Rise, Sales Fall in Warner Robins
Posted on: Mar 06, 2014 07:45:10 AM
In December, the Warner Robins, GA market saw a drop year-over-year in new home closings, shifting downward off a rise in November 2013. Closings slid 23.3% from a year earlier to 23. In comparison, new home closings in the same month last year saw a 9.5% boost year-over-year in November.
A total of 340 new homes were sold during the 12 months that ended in December, down from 347 for the year that ended in November.
New home closings accounted for 11.4% of overall housing closings. This is down from the 14.6% of closings a year earlier. Following a year-over-year rise in November, closings of new and existing homes sank year-over-year in December.
Pricing and Mortgage Trends
The average price of newly sold homes climbed year-over-year 27.1% in December to $244,922 per unit. This rise is an improvement over the 8.4% bump in November year-over-year.
The average mortgage size on newly sold homes saw a gain year-over-year along with new home prices. In December 2013, there was a 30.4% gain in the average mortgage size, reaching $247,927. In November 2013, average mortgage size increased 20.1% from a year earlier.