New Home Closings Gain in Winston-Salem According to Freshest Data
Posted on: Dec 06, 2013 07:50:52 AM
In the Winston-Salem, NC market, closings of new homes gained year-over-year in September, but there were signs of market leveling as the percentage bump was less than August 2013. There was a 10.9% rise in new home closings from a year earlier. In comparison, new home closings in the same month last year saw a 40.0% boost year-over-year in August.
A total of 530 new homes were sold during the 12 months that ended in September, up from 525 for the year that ended in August.
Of the total number of closings, new home closings made up 7.6%. As a part of the whole, new home closings were 7.1% a year earlier. For new and existing homes, closings gained year-over-year in September after also increasing in August year-over-year.
Pricing and Mortgage Trends
For newly sold homes, the average price moved from $187,989 in September 2012 to $186,131 in September 2013. This came after a 5.7% bump in August year-over-year.
There was a rise year-over-year in the average mortgage size on new homes in contrast to new home prices. In September 2013, the average mortgage size on newly sold homes saw a 9.4% boost from a year earlier. It went from $160,978 to $161,616 from August 2012 to August 2013.