Freshest Figures Show New Home Sales and Prices Gain in Sherman
Posted on: Mar 06, 2014 07:39:56 AM
In December, closings of new homes in the Sherman, TX market climbed year-over-year, and the increase was greater than November 2013. New home closings moved from 2 a year earlier to 5 after the figure moved from 2 in November 2012 to 3 in November 2013.
A total of 66 new homes were sold during the 12 months that ended in December, up from 63 for the year that ended in November.
New home closings were 5 out of 214 total closings, making up 2.3%. This is up on a percentage basis from 2 of 240 a year earlier. Following a year-over-year decline in November, closings of new and existing homes also declined year-over-year in December.
Pricing and Mortgage Trends
The average price for newly sold homes moved north to $253,678 from $125,255 a year ago. This followed a 10.3% rise in November year-over-year.
Average mortgage size on new homes increased to $212,091 from $100,204 last year. It went from $132,544 to $131,220 from November 2012 to November 2013.