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.