November 2012 real estate sales in the Pinehurst NC area saw great improvements along with prior months – especially – September through October.
The above sales sheet shows that the Pinehurst area has seen significant increases for the past 4 months over the same period in 2011. More importantly is the increase in the number of homes sold in all but one month in 2012 over the same month in 2011 as the graph below shows.
Another indication that we have seen a bottom to the Pinehurst area real estate market is what happened in July of 2012. Even though the unit sales increased, the average priced dropped significantly to show a dip in sales lower than both June and August which is unusual. This is the reverse than what we saw at the peak of the market when prices were increasing, but the number of sales was decreasing.
Of course nobody can predict the future with certainty. But if this trend continues we should begin to see a decrease in the inventory of homes here in the Pinehurst area of NC followed by some price improvement.