United One Resources
News: June HUD Closing Statistics
Abstract:

In an effort to keep the realtor community up to date on what's happening in the HUD home market, United One Resources has included some statistics from the month of June for you review.

With a total of 84 closings for June and a total purchase price of $3,677,557.00, the average price of a HUD home was $43,780.44.
 


Here is the breakdown by region: 

 

Northeast PA Region:

  • Total Closings: 5
  • Total Purchase Price: $220,500.00
  • Average Price: $44,100.00
  • Average Days to close: 28

Philadelphia Region

  • Total Closings: 29
  • Total Purchase Price: $1,464,102.00
  • Average Price: $50,486.28
  • Average days to close: 40

Capitol Region

  • Total Closings: 17
  • Total Purchase Price: $1,141,584.00
  • Average Price: $67,152.00
  • Average days to close: 47

Pittsburgh Region:

  • Total Closings: 27
  • Total Purchase Price: $591,471.00
  • Average Price: $21,906.33
  • Average days to close: 41

Western PA Region:

  • Total Closings: 6
  • Total Purchase Price: $259,900.00
  • Average Price: $43,316.67
  • Average days to close: 41

Overall, on average it took 41 days to close a HUD transaction in June.

 

Published on Thursday, July 02, 2009
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