Pinehurst and Southern Pines Real Estate Market Conditions & Reports, Pinehurst and Southern Pines Market Trends, North Carolina

Market Commentary Provided by Adam and Karin Piergallini
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.

Report Date

Fall 2009

Search For Homes in Pinehurst and Southern Pines
City:
Property Type:

Minimum Price	Maximum Price

Min. Beds	Min. Baths

CONNECT WITH A LOCAL PROFESSIONAL

Adam and Karin Piergallini
CENTURY 21 Prime Properties
Pinehurst, North Carolina
910-603-1036
c21pp@pinehurst.net
Agent Home Page

Nearest Metro Area

Raleigh, NC

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

More than 120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$218,253 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up from last year

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

First time, move-up & repeat buyers, single-family homes, condos/townhomes

Buyer Activity for the past 90 days in Pinehurst and Southern Pines is

Seller Activity for the past 90 days in Pinehurst and Southern Pines is

Is Financing Available For Qualified Buyers in Pinehurst and Southern Pines?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Pinehurst

Reason to Buy/Sell

Good economic news

Average Sold Price

$218,253 - View Graph Trend

National Real Estate Market

Local Summary: Unlike many markets across the country, the supply of available inventory is good. Prices are increasing with listings averaging three-plus months on the market. While there are currently more sellers than buyers, the market is heating up.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...