Pinehurst real estate area homes sales increased almost 15% in March 2013 over the same period in 2012.
The good news is that this is not a one time improvement for the Pinehurst real estate market. The above chart shows that residential home sales have increased for the past 8 months over the same month in the prior year.
An even more important indicator that we have seen a bottom in the Pinehurst area real estate market is that the number of homes sales each month since January of 2012 have increased over the same month in the prior year with the exception of February 2012.
Home prices are stabilizing in some neighborhoods while still coming down in others. However, as we start to see inventories of available homes in the Pinehurst area come down, we then begin to see the home prices improve.
This is still a great time to be a buyer in the Pinehurst real estate market as there are still many homes available and interest rates are still very low. If you are thinking of selling your home at this time, you will find that homes are selling more quickly and it might be a good time to jump into the real estate market.
Call or text: 910-783-7993 for more information and you can search all Pinehurst Real Estate Area Homes Here!