Lawton, OK - Latest New Home Sales Numbers Suggest Market Decline is Worsening
Posted on: Sep 15, 2011 02:15:57 PM
New home sales slid year-over-year in June in the Lawton, OK market, and the decline was by a larger percentage than the previous month. New home sales moved from 30 a year earlier to none after the figure moved from 22 in May 2010 to 17 in May 2011.
In the 12 months ending June 2011, there were 204 new home sales, down from an annualized 234 in May.
New home sales were none of the 12 total sales, down on a percentage basis from 30 of 194 a year earlier. Sales of new and existing homes fell year-over-year in June after also falling last month year-over-year.
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There were no new home sales in June 2011, but average size of newly sold homes was 2,027 a year earlier.
Foreclosures and real estate owned (REO) sales continued to drop from a year earlier in June and did not appear to be dragging the market. Foreclosures and REO sales, taken together, accounted for no part of existing sales, lower than 23.2% of sales a year earlier. From a year earlier, foreclosures sank to no part of existing home sales in June after a figure of 11.0% of sales in June 2010 while REO sales declined to no part of existing sales from 12.2% of sales a year earlier.
Lawton, OK - Latest New Home Sales Numbers Suggest Market Decline is Worsening
Posted on: Sep 15, 2011 02:15:57 PM
New home sales slid year-over-year in June in the Lawton, OK market, and the decline was by a larger percentage than the previous month. New home sales moved from 30 a year earlier to none after the figure moved from 22 in May 2010 to 17 in May 2011.
In the 12 months ending June 2011, there were 204 new home sales, down from an annualized 234 in May.
New home sales were none of the 12 total sales, down on a percentage basis from 30 of 194 a year earlier. Sales of new and existing homes fell year-over-year in June after also falling last month year-over-year.
There were no new home sales in June 2011, but average size of newly sold homes was 2,027 a year earlier.
Foreclosures and real estate owned (REO) sales continued to drop from a year earlier in June and did not appear to be dragging the market. Foreclosures and REO sales, taken together, accounted for no part of existing sales, lower than 23.2% of sales a year earlier. From a year earlier, foreclosures sank to no part of existing home sales in June after a figure of 11.0% of sales in June 2010 while REO sales declined to no part of existing sales from 12.2% of sales a year earlier.
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Source: Housing Intelligence