Newest Numbers Show Prices of New Homes Gain in Abilene, Sales Fall
Posted on: Mar 06, 2014 07:00:03 AM
New home closings declined year-over-year in December in the Abilene, TX market, dropping after a year-over-year increase in November 2013. New home closings moved from 13 a year earlier to 7 after the figure moved from 10 in November 2012 to 15 in November 2013.
A total of 156 new homes were sold during the 12 months that ended in December, down from 162 for the year that ended in November.
New home closings represented 7 out of the 194 total closings, which is a smaller percentage than the 13 of 216 total closings a year earlier. Closings of new and existing homes dropped year-over-year in December after also falling in November year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $246,078, an increase from $228,106 a year earlier. This was on the heels of a 5.9% bump in November year-over-year.
From the year-ago figure of $206,984, the average mortgage size on new homes moved up to $214,831. Average mortgage size on new homes went from $209,953 in November 2012 to $215,469 in November 2013.