Recent Figures Show New Home Sales and Prices Rise in Lawton
Posted on: Nov 12, 2013 07:25:54 AM
New home closings in the Lawton, OK market rose year-over-year in July, and the increase was greater than June 2013. New home closings moved from 11 a year earlier to 16 after the figure moved from 15 in June 2012 to 19 in June 2013.
A total of 169 new homes were sold during the 12 months that ended in July, up from 164 for the year that ended in June.
New home closings were 16 of the 163 total closings, up on a percentage basis from 11 of 125 a year earlier. Closings of new and existing homes jumped year-over-year in July following a decline in June year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $250,131, an increase from $204,409 a year earlier. This followed a 2.5% fall in June from a year earlier.
The average mortgage size on new homes was $238,670, up from $206,444. In June 2013, average mortgage size on newly sold homes saw a 8.1% drop from a year earlier.