In Dec. 2019, out of the 944 homes sold, 50 were new and 894 had been previously owned. When compared to Dec. 2018, this represents an increase of 5 percent, when 903 homes were sold, out of which 52 were new and 851 had been previously owned. According to Silvio López, president of the Mortgage Bank Association.
The average price for a home today ranges between $120,000 and $200,000.
According to the Office of the Commissioner of Financial Institutions (OCIF, by its Spanish acronym), 4,826 homes were sold from July to November of fiscal year 2020, a 3.2 percent increase over last year’s number. During this time, the sale of previously owned homes rose 9.9 percent and the sale of new homes declined by 48.4 percent.