Latest Figures Show New Home Sales and Prices Rise in Tyler
Posted on: Dec 06, 2013 07:47:53 AM
In September, closings of new homes in the Tyler, TX market grew year-over-year, and the increase was greater than August 2013. New home closings moved from 7 a year earlier to 19 after the figure moved from 17 in August 2012 to 20 in August 2013.
A total of 152 new homes were sold during the 12 months that ended in September, up from 140 for the year that ended in August.
New home closings were 19 of the 311 total closings, up on a percentage basis from 7 of 276 a year earlier. Closings of new and existing homes rose year-over-year in September following a drop in August year-over-year.
Pricing and Mortgage Trends
The average new home price was $332,357, up from $194,411 a year earlier. This was on the heels of a move from $210,322 per unit to $211,508 from August 2012 to August 2013.
Average mortgage size on new homes went from $175,299 a year earlier to $268,245. Average mortgage size slid 2.1% in August 2013 from a year earlier.