Newest Numbers For Abilene Show New Home Closings Climb
Posted on: Nov 12, 2013 07:00:03 AM
The Abilene, TX market saw a rise in new home closings in August year-over-year, but the increase was less than July 2013. New home closings moved from 13 a year earlier to 21 after the figure moved from 11 in July 2012 to 18 in July 2013.
A total of 136 new homes were sold during the 12 months that ended in August, up from 128 for the year that ended in July.
New home closings were 21 of the 300 total closings, up on a percentage basis from 13 of 270 a year earlier. For new and existing homes, closings jumped year-over-year in August after also increasing in July year-over-year.
Pricing and Mortgage Trends
The average new home price was $220,146, a move from $219,883 a year earlier. This was on the heels of a 21.1% drop in July from a year earlier.
Average mortgage size on new homes fell from $203,320 to $197,373. Average mortgage size on new homes went from $222,028 in July 2012 to $190,824 in July 2013.