New Home Closings and Prices in Longview Climb According to Newest Figures
Posted on: Dec 06, 2013 07:27:22 AM
Closings of new homes jumped year-over-year in September in the Longview, TX market, and the increase was greater than August 2013. New home closings moved from 8 a year earlier to 10 after the figure moved from 10 in August 2012 to 12 in August 2013.
A total of 94 new homes were sold during the 12 months that ended in September, up from 92 for the year that ended in August.
10 of the 273 total closings were new home closings, a shift on a percentage basis from 8 out of 256 a year earlier. Closings of new and existing homes jumped year-over-year in September following a decline in August year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $240,642, an increase from $188,612 a year earlier. This came after a 70.7% bump in August year-over-year.
Average mortgage size on new homes increased to $203,214 from $157,350 last year. Average mortgage size on new homes went from $130,080 in August 2012 to $209,467 in August 2013.