Abilene, TX - Local Housing Data - Summary

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Abilene, TX Local News

New Home Closings and Prices in Abilene Gain According to Freshest Figures

Posted on: Apr 06, 2014 07:00:04 AM

In the Abilene, TX market in January, new home closings increased year-over-year, rebounding from a year-over-year decline in December 2013. New home closings moved from 4 a year earlier to 6 after the figure moved from 13 in December 2012 to 7 in December 2013.

A total of 158 new homes were sold during the 12 months that ended in January, up from 156 for the year that ended in December.

New home closings were 6 out of the 193 total closings, a move on a percentage basis from 4 of 181 a year earlier. After dropping in December from a year earlier, closings of new and existing homes jumped year-over-year in January.

Pricing and Mortgage Trends

The average new home price was $185,162, up from $179,880 a year earlier. This was on the heels of a 7.9% hike in December year-over-year.

Average mortgage size on new homes increased to $179,472 from $167,108 last year. Average mortgage size on new homes went from $206,984 in December 2012 to $214,831 in December 2013.

 
 
 

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