Posted on January 28, 2019 - 08:57 AM
by Allan Nanney
If you were looking for a home in Moore County in 2018, you were finding there was less inventory – active listings were down by almost 7%. Homes were also moving more quickly than in 2017 with average days on the market down by 5%.
An important statistic we look at in real estate is Absorption Rate, which shows how long it will take to sell the existing inventory of homes in our market if no other homes come up for sale. The Absorption Rate for Moore County fell to 4.5 months at the end of 2018 which puts us into a Seller’s market.
So what do these numbers mean to you? Contact a Towering Pines Real Estate Agent today to help you navigate how these numbers affect you as a seller and a buyer.
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Harold it was a pleasure having you as my agent. You were always professional competent knowledgeable and a saint having to work with selling agent. I would highly recommend you to any of my friends and family. I especially noted how quick you were to respond to all my request and communications. I love my new home and looking forward to you stopping by to see the changes I made. Thanks again!Rosemarie Miller
Diane was Amazing. She walked me through the selling process, step by step. She was very knowledgable about the area, pulled comps often, and made sure to keep me informed about my competition throughout the entire process. She is very hands on and always available when needed. She even did a little manual labor getting the house ready to list. She did her homework well and sold my house in 4 day, above asking!!
As a new agent, if she didn't know the answer, she always found out quickly and responded timely.Michele, Pinehurst NC