New Home Sales and Prices Both Climb in Longview According to Latest Data
Posted on: Apr 06, 2014 07:24:24 AM
The Longview, TX market saw an increase in closings of new homes in January year-over-year, rebounding from a year-over-year decline in December 2013. New home closings moved from 1 a year earlier to 7 after the figure moved from 9 in December 2012 to 5 in December 2013.
A total of 89 new homes were sold during the 12 months that ended in January, up from 83 for the year that ended in December.
New home closings were 7 out of 221 total closings, making up 3.2%. This is up on a percentage basis from 1 of 214 a year earlier. Closings of new and existing homes rose year-over-year in January following a decline in December year-over-year.
Pricing and Mortgage Trends
The average price of new homes was $192,526, an increase from $155,697 a year earlier. This came after a 22.0% rise in December year-over-year.
The average mortgage size on new homes was $167,608, up from $154,156. Average mortgage size on new homes went from $167,621 in December 2012 to $177,120 in December 2013.