Latest Figures Show New Home Sales and Prices Decline in Longview
Posted on: Aug 08, 2014 11:33:23 AM
Closings of new homes dropped year-over-year in May in the Longview, TX market, falling after remaining level in April from the year earlier. Closings stood at 6 in May after being 8 a year earlier and remaining unchanged at 6 in April from a year earlier.
A total of 63 new homes were sold during the 12 months that ended in May, down from 65 for the year that ended in April.
6 of the 327 total closings were new home closings, a shift on a percentage basis from 8 out of 347 a year earlier. Closings of new and existing homes fell year-over-year in May after also falling in April year-over-year.
Pricing and Mortgage Trends
The average per-unit price of new homes was $255,159, compared with $307,202 last year. This came after a 78.6% rise in April year-over-year.
Average mortgage size on newly sold homes saw a decline year-over-year from $252,692 to $204,114. Average mortgage size on new homes went from $191,044 in April 2013 to $308,888 in April 2014.