Friday, February 14, 2014
The Moore County North Carolina Real Estate Market is Improving!
Watching the national news we often hear about the recovery of the real estate market and that many large markets across the country have fully recovered and are now in multiple offer situations. While the Moore County Real Estate market has lagged behind in that recovery it seems it may be knocking on our door.
When comparing single family home and horse farm sales from 2011 through 2013 there was a significant increase in home sales. 45%! Total sales for 2011 were 952, 2012 were 1073 and 2013 gave us 1380 closed home sales.
Understanding the real estate market has serious impact on getting your home sold! Positioning your home in the market goes hand in hand with the absorption rate. The rate of absorption is determined by the number of homes that are selling versus the number of homes on the market. The absorption rate varies significantly by price point. A well positioned listing becomes a sold listing!
Give us a call at Towering Pines Real Estate to learn how to position your home in today’s real estate market and get it sold! 910-528-1181.