Longview, TX - Local Housing Data - Summary

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Longview, TX Local News

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.

 
 
 

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