New Home Closings and Prices in Warner Robins Rise According to Recent Figures
Posted on: Dec 06, 2013 07:49:29 AM
There was a rise in new home closings in the Warner Robins, GA market in September year-over-year, rallying back from a drop in August 2013. New home closings saw a boost of 9.5% from the year earlier to 23. This came after a 10.5% fall year-over-year in August.
A total of 359 new homes were sold during the 12 months that ended in September, up from 357 for the year that ended in August.
Out of all housing closings, new home closings made up 10.7%. As a part of the whole, new home closings were 11.5% a year earlier. For new and existing homes, closings jumped year-over-year in September after also increasing in August year-over-year.
Pricing and Mortgage Trends
In September, the average price of newly sold homes climbed 25.9% year-over-year to $242,430 per unit. This surge follows a move from $210,539 per unit in August 2012 to $211,247 in August 2013.
For newly sold homes, the average mortgage size jumped year-over-year along with new home prices. In September 2013, average mortgage size climbed 28.1% from a year earlier to $230,018. In August 2013, average mortgage size on newly sold homes saw a 1.7% decline from a year earlier.