Pinehurst/Southern Pines Area MLS Statistics are now posted.

Moore County, NC.  After a frenzy to get our buyers under contract before April 30, 2010 and closed before June 30, 2010, the market took a rest.  “Buyers sat on the fence immediately following the end of the tax credits”, said Kay Beran, president of Prudential Gouger O’Neal & Saunders.  “We did all we could to get the first-time home buyers and the repeat buyers under contract.” 

Market statistics showed an improvement with these incentives but not what we would have thought.  We still feel that we have good news to move our market!  Now the market will be encouraged and incented by historically low mortgage rates coupled by some excellent price reductions in all classes of property.  “The government provided some incentives and now the sellers and the banks are doing the same although these will have a more lasting impact”, stated Beran. 

How do the numbers stack up against 2009?  The numbers speak for themselves – steady and similar to a year ago.  Buyers should be prepared to jump into the market with both feet for some great buys.  Check out the Second Quarter Market report for more details.

This entry was posted on Monday, July 5th, 2010 at 12:36 pm and is filed under Market Trends.