Freshest Numbers Show Prices of New Homes Increase in Lawton, Sales Decrease
Posted on: Aug 08, 2014 11:32:14 AM
In April, there was a drop year-over-year in new home closings in the Lawton, OK market, a decline following a rise in March 2014. New home closings moved from 13 a year earlier to 7 after the figure moved from 5 in March 2013 to 12 in March 2014.
A total of 108 new homes were sold during the 12 months that ended in April, down from 114 for the year that ended in March.
7 of the 112 total closings were new home closings, a shift on a percentage basis from 13 out of 187 a year earlier. Following a year-over-year rise in March, closings of new and existing homes fell year-over-year in April.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $200,714 from $196,931 a year ago. This was on the heels of a 5.8% lift in March year-over-year.
The average mortgage size went down to $193,619 from $206,514 a year earlier. Average mortgage size went from $215,856 in March 2013 to $214,688 in March 2014.