New Home Prices Gain in Shreveport According to Recent Figures, Sales Decrease
Posted on: Apr 06, 2014 07:40:03 AM
In the Shreveport, LA market in January, new home closings declined year-over-year, swinging downward off a year-over-year boost in December 2013. Closings slid 7.1% from a year earlier to 26. This was after the housing market saw a 39.1% hike year-over-year in December.
A total of 408 new homes were sold during the 12 months that ended in January, down from 410 for the year that ended in December.
Of 292 total closings, 26 were of new homes. This is a gain from 6.6% of closings a year earlier. For new and existing homes, closings fell in January after also declining in December year-over-year.
Pricing and Mortgage Trends
In January, the average price of newly sold homes gained year-over-year to $254,891 per unit, a 5.7% boost. This boost is smaller than the 24.3% bump in December year-over-year.
For newly sold homes, the average mortgage size saw a fall year-over-year in contrast to new home prices. The average mortgage size fell to $225,065 in January, marking a 1.4% drop compared with last year. In December 2013, average mortgage size on newly sold homes saw a 5.9% lift year-over-year from a year earlier.