This month we have 3 takeaways from the numbers:
- Home prices continue to trend upward. The average sales price for a home year to date is $293,578 which is an increase of 2.06% over last year. Homes are selling at almost 98% of their list price.
- The number of active listings in Moore County is the lowest it has been in the last year, and our absorption rate of 4.2 months keeps us squarely in a seller’s market. Sellers, if you are thinking about selling, now is a great time to get top dollar for your home.
- With active listings down by 15.3% over this time last year and new listings down by 16.8% over this time last year, Buyers need to be prepared to make your best offer and to move quickly if you find your dream home.
Knowing these numbers helps you be better prepared for our hot real estate market. For help buying or selling your home, contact a Towering Pines Agent today!