New Home Sales Increase in Lawton According to Latest Data
Posted on: Apr 06, 2014 07:23:26 AM
The Lawton, OK market saw a rise in new home closings in December year-over-year, rebounding from a year-over-year decline in November 2013. New home closings moved from 14 a year earlier to 16 after the figure moved from 15 in November 2012 to 9 in November 2013.
A total of 152 new homes were sold during the 12 months that ended in December, up from 150 for the year that ended in November.
New home closings were 16 out of 120 total closings, making up 13.3%. This is up on a percentage basis from 14 of 115 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 new home price was $208,375, a move from $207,071 a year earlier. This came after a 4.1% fall in November from a year earlier.
The average mortgage size on new homes was $201,478, up from $188,449. Average mortgage size on new homes went from $222,577 in November 2012 to $219,320 in November 2013.