New Home Closings Gain in Killeen According to Freshest Data
Posted on: Jul 06, 2014 07:18:28 AM
There was a rise in new home closings in the Killeen, TX market in April year-over-year, moving up after seeing little change in March from the year earlier. Closings rose 1.7% from a year earlier to 122. Closings were unchanged in March from the year earlier.
A total of 1,533 new homes were sold during the 12 months that ended in April, up from 1,531 for the year that ended in March.
As a percentage of overall housing closings, new home closings accounted for 17.0% of overall housing closings. A year earlier, new home closings accounted for 17.9% of total closings. Closings of new and existing homes increased in April after staying steady in March from a year earlier.
Pricing and Mortgage Trends
For newly sold homes, the average price moved from $193,116 in April 2013 to $192,865 in April 2014. This was on the heels of a 4.9% lift in March year-over-year.
For newly sold homes, the average mortgage size sank year-over-year in contrast to average price of new homes. In April 2014, average mortgage size on new homes sold was $184,351, down 1.5% from a year earlier. In March 2014, average mortgage size on newly sold homes saw a 4.9% gain year-over-year from a year earlier.