New Home Prices Climb in Longview According to Latest Figures, Sales Drop
Posted on: Mar 06, 2014 07:24:42 AM
In December, the Longview, TX market saw a decline year-over-year in new home closings, and the decline was by a larger percentage than the November 2013. New home closings moved from 9 a year earlier to 5 after the figure moved from 6 in November 2012 to 4 in November 2013.
A total of 83 new homes were sold during the 12 months that ended in December, down from 87 for the year that ended in November.
On a percentage basis, new home closings as a part of total closings decreased to 2.1% from 3.2% a year earlier. For new and existing homes, closings declined in December after also declining in November year-over-year.
Pricing and Mortgage Trends
The average new home value went from $181,438 last year to $221,401. This came after a 22.1% drop in November from a year earlier.
Average mortgage size on new homes increased to $177,120 from $167,621 last year. Average mortgage size on new homes went from $256,562 in November 2012 to $202,139 in November 2013.