Recent Numbers Show Prices of New Homes Rise in Winston-Salem, Sales Decline
Posted on: Jul 06, 2014 07:40:01 AM
The Winston-Salem, NC market saw a drop in new home closings year-over-year in April, sliding down after a gain in March 2014. New home closings saw a 1.7% fall from a year earlier to 57. This came after a 7.9% rise year-over-year in March.
A total of 643 new homes were sold during the 12 months that ended in April, down from 644 for the year that ended in March.
As a percentage of overall housing closings, new home closings made up 9.0%. This marks a rise from 7.7% of total closings a year earlier. Closings of new and existing homes sank year-over-year in April after also falling in March year-over-year.
Pricing and Mortgage Trends
In April, the average price of newly sold homes increased 13.5% year-over-year to $196,332 per unit. This boost compares to a 9.7% fall in March from a year earlier.
For newly sold homes, the average mortgage size gained year-over-year along with new home prices. In April 2014, average mortgage size climbed 6.0% from a year earlier to $176,351. In March 2014, average mortgage size fell 9.3% from a year earlier.