Dominion Homes sees third-quarter sales fall 24.8 percent
Columbus, Ohio-based home builder Dominion Homes released a preliminary third-quarter sales report showing sales fell 24.8 percent to $29.6 million from $39.4 million in the same period last year.
Those figures reflect 153 homes sold in the third quarter, down from 209 homes sold during last year’s third quarter.
Dominion reported a backlog of 275 sales contracts -- a total value of $57.8 million -- down from 419 sales contracts in the same period last year, or a value of $84.6 million.
The average sales price for a home in backlog, the company reported, rose 5.7 percent to $210,300 from $202,000 last year.
The company will release its full financial results for the third quarter next month. The company had losses of $41.2 million in the first six months of the year, compared with a narrower loss of $11 million in the same period last year.
Dominion Homes builds homes and condominiums in Ohio and Kentucky.