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Winter 2012 Market Update
Interest rates are fantastic, so there is no better time than now for buyers to find attractive housing that they can afford. The area is the golf capital of the world. It is also a major equestrian center that is home to a large resort and retirement community.
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| Average Home Price | $218,253 - View Graph Trend |
| Average Price Compared to Last Year | Up from last year |
| Average Time on Market | More than 120 days |
| Prices As % of Asking Price | 95-100% |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Multiple Offers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First time, move-up and repeat buyers, single-family homes, condos/townhome |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Raleigh, NC |
| Housing Hot Spots | Pinehurst |
| Average Sold Price | $218,253 - View Graph Trend |
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Adam and Karin Piergallini
CENTURY 21 Prime Properties
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