In the Wausau, WI market, new home sales gained year-over-year in November, moving up after staying consistent in October from the year earlier. Sales stood at nine in November after being four a year earlier and remaining unchanged at four in October from a year earlier.

A total of 74 new homes were sold during the 12 months that ended in November, up from 69 for the year that ended in October.

New home sales were nine of the 129 total sales, up on a percentage basis from four of 119 a year earlier. For new and existing homes, sales increased year-over-year in November after also increasing in October year-over-year.

The average per-unit price of new homes was $135,648, compared with $168,650 last year. This was on the heels of a 27.3% fall in October from a year earlier.

Average mortgage size on new homes increased to $140,000 from $94,268 last year. Average mortgage size on new homes went from $100,000 in October 2010 to $134,423 in October 2011.

The share of new home sales made up by attached units has risen while the share belonging to single-family homes has fallen. Attached sales made up five of nine new home sales after accounting for one of four a year earlier. Meanwhile, single-family homes made up four of nine new home sales after making up three of four a year earlier.

Foreclosures and real estate owned (REO) sales remained a burden on the market. Together, foreclosures plus REO sales accounted for 30.8% of existing home sales. In November 2010, they represented 23.5%. The percentage of existing home sales involving foreclosures went from 16.5% in November 2010 to 15.8% in November 2011 and REO sales as a percentage of existing home sales rose to 15.0% from 7.0%.

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