We are definitely seeing signs of improvement in the Pinehurst Area Real Estate market!
Not only did we see an almost 25% increase in real estate sales from September 2011 – here in the Pinehurst area we saw a 9% increase over August of this year. It is very unusual in this market to see September gross sales increase over August in any year! In fact, this is the first time in the Pinehurst area that I have seen an increase in September since I have been tracking the numbers from 2005.
The other improvement in real estate sales is the increase in units sold. Seven out of nine months this year have seen an increase in unit sales over the same month in 2011. Overall, prices are still declining as the inventory of homes is still high for the demand in the Pinehurst area. Though some neighborhoods are maintaining their home prices a bit more than others.
For more details on individual neighborhoods or homes in the Pinehurst area – you can email me – call or text: 910-783-7993 or use the contact form on the page with any questions.