New Home Sales and Prices Both Gain in Killeen According to Recent Data
Posted on: Mar 06, 2014 07:21:27 AM
In December, there was an increase in closings of new homes in the Killeen, TX market year-over-year, moving up after remaining relatively stable in November from the year earlier. New home closings rose by 20.8% from last year to 145. Closings remained the same in November from the year earlier.
A total of 1,531 new homes were sold during the 12 months that ended in December, up from 1,506 for the year that ended in November.
Out of all housing closings, new home closings accounted for 20.2%. This is a decline 21.4% of closings a year earlier. After dropping in November from a year earlier, closings of new and existing homes increased year-over-year in December.
Pricing and Mortgage Trends
The average price of newly sold homes gained year-over-year 6.7% in December to $200,940 per unit. This gain is an improvement over the 3.0% bump in November year-over-year.
For newly sold homes, the average mortgage size jumped year-over-year along with new home prices. In December 2013, there was a 6.7% rise in the average mortgage size, reaching $195,267. In November 2013, average mortgage size on newly sold homes saw a 5.2% bump year-over-year from a year earlier.