New Home Sales Decrease in Warner Robins According to Latest Data
Posted on: Jul 06, 2014 07:38:49 AM
In April, there was a fall year-over-year in new home closings in the Warner Robins, GA market, but there were signs the market may be evening out with a percentage decline less steep as in March 2014. Closings dropped 37.5% from a year earlier to 25. This followed a 43.6% drop year-over-year in March.
A total of 311 new homes were sold during the 12 months that ended in April, down from 326 for the year that ended in March.
New home closings made up 13.0% of overall housing closings. This is down from the a year earlier when new home closings made up 15.0% of total closings. Closings of new and existing homes sank year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
The average value for new homes sold in April 2014 was $209,568, a move from $209,133 a year earlier. This came after a 3.5% rise in March year-over-year.
Average mortgage size on new homes saw a drop year-over-year in contrast to prices of new homes. In April 2014, average mortgage size declined 3.1% from a year earlier to $194,254. In March 2014, average mortgage size on newly sold homes saw a 9.6% hike year-over-year from a year earlier.