New Home Sales Remain Level in Wichita Falls, Prices Decline According to Newest Data
Posted on: Mar 06, 2014 07:45:53 AM
New home closings in the Wichita Falls, TX market stayed the same year-over-year in December, staying flat after dropping year-over-year in November from the year earlier. Closings remained level at 4 from a year earlier after the figure moved from 6 in November 2012 to 2 in November 2013.
A total of 41 new homes were sold during the 12 months that ended in December, equal to the number of new homes sold for the year that ended in November.
New home closings were 4 out of the 211 total closings, a move on a percentage basis from 4 of 168 a year earlier. After dropping in November from a year earlier, closings of new and existing homes rose year-over-year in December.
Pricing and Mortgage Trends
The average per-unit price of new homes was $202,370, compared with $210,929 last year. This came after a 57.6% boost in November year-over-year.
The average mortgage size moved to $182,094, down from last year's $187,415. Average mortgage size on new homes went from $133,786 in November 2012 to $195,873 in November 2013.