Pinehurst NC real estate area sales took off in June! For the past 2 years we have seen a steady improvement in the number of homes selling each month as compared to the same month in the prior year. There was a bit of a slow down in the growth in the number of homes selling here in the Pinehurst area for the first 5 months of this year, but in June we saw the highest number of homes sold in a single month since the peak of our market in 2007.
Some might believe this is due to the Men’s and Women’s historic back to back US Opens on Pinehurst No. 2 in June of this year. However, I do not believe the increase was due to that exposure. I believe the US Opens here in Pinehurst will effect real estate sales going forward as internet activity during the Men’s US Open was almost triple the normal daily rate on a couple of our websites.
I think that this large increase in the number of homes sold during June was primarily due to the recovery of the real estate market here in Pinehurst NC. Many other areas in the country have already seen a recovery, but as our area saw the market decline after most of the other markets in the country, we also were slower to recover.