New Home Sales and Prices Both Gain in Dallas-Fort Worth According to Freshest Data
Posted on: Dec 06, 2013 07:11:49 AM
There was a rise in closings of new homes in the Dallas-Fort Worth, TX market in September year-over-year, but there were signs of market leveling as the percentage surge was less than August 2013. New home closings saw a 8.2% rise from a year earlier to 1,419. This came after a 12.9% hike year-over-year in August.
A total of 17,128 new homes were sold during the 12 months that ended in September, up from 17,021 for the year that ended in August.
As a percentage of overall housing closings, new home closings represented 11.1%. This is down from the a year earlier when new home closings made up 12.7% of total closings. Following a year-over-year increase in August, closings of new and existing homes also increased year-over-year in September.
Pricing and Mortgage Trends
The average price of new homes was $290,778 per unit in September, up 14.0%from a year earlier. This bump is higher than the 13.9% lift in August year-over-year.
For newly sold homes, the average mortgage size saw a surge year-over-year along with new home prices. Average mortgage size rose 12.3% to $250,183 in September from a year earlier. In August 2013, average mortgage size grew 13.0% from a year earlier.