Newest Figures Indicate Prices of New Homes Increase, Sales Stay Level in Longview
Posted on: Jul 06, 2014 07:21:33 AM
New home closings in the Longview, TX market remained steady year-over-year in April, staying flat after advancing year-over-year in March from the year earlier. Closings remained level at 7 from a year earlier after the figure moved from 6 in March 2013 to 7 in March 2014.
A total of 91 new homes were sold during the 12 months that ended in April, equal to the number of new homes sold for the year that ended in March.
7 of the 218 total closings were new home closings, a shift on a percentage basis from 7 out of 272 a year earlier. Following a year-over-year rise in March, closings of new and existing homes declined year-over-year in April.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $313,350 from $211,302 a year ago. This was on the heels of a 18.5% boost in March year-over-year.
From the year-ago figure of $190,955, the average mortgage size on new homes moved up to $250,680. Average mortgage size on new homes went from $192,794 in March 2013 to $195,374 in March 2014.