New Home Closings and Prices in Killeen Drop According to Recent Figures
Posted on: Apr 06, 2014 07:21:21 AM
New home closings sank year-over-year in January in the Killeen, TX market, moving downward after a surge in December 2013. New home closings saw a 37.5% fall from a year earlier to 55. In comparison, new home closings in the same month last year saw a 20.8% jump year-over-year in December.
A total of 1,498 new homes were sold during the 12 months that ended in January, down from 1,531 for the year that ended in December.
Out of all housing closings, new home closings represented 11.9%. This is down from the a year earlier when new home closings made up 17.6% of total closings. Following a year-over-year increase in December, closings of new and existing homes sank year-over-year in January.
Pricing and Mortgage Trends
Average value of new homes sold in January was $189,404 per unit, down 1.9% from a year earlier. This drop compares to a 6.7% lift in December year-over-year.
Average mortgage size on new homes saw a decline year-over-year in contrast to prices of new homes. It fell 2.8% in January from a year earlier, reaching $183,310. In December 2013, average mortgage size climbed 6.7% from a year earlier.