New Home Closings Fall in Killeen According to Freshest Figures
Posted on: Aug 08, 2014 11:29:42 AM
New home closings in the Killeen, TX market dropped year-over-year in May, a move downward following a gain in April 2014. Closings dropped 14.5% from a year earlier to 147. This came on the heels of a 2.6% rise year-over-year in April.
A total of 1,438 new homes were sold during the 12 months that ended in May, down from 1,463 for the year that ended in April.
Out of all housing closings, new home closings represented 20.3%. This is a decline 21.9% of closings a year earlier. Following a year-over-year rise in April, closings of new and existing homes declined year-over-year in May.
Pricing and Mortgage Trends
The average value for new homes sold in May 2014 was $196,032, a move from $197,091 a year earlier. This came after a 1.4% fall in April from a year earlier.
The average mortgage size on newly sold homes slid year-over-year in contrast to the average price of new homes. In May 2014, average mortgage size dropped 3.2% from a year earlier to $184,909. In April 2014, average mortgage size fell 2.7% from a year earlier.