Prudential Gouger O’Neal & Saunders Real Estate is your resource for timely real estate market information. We proudly present to you our series of reports to keep you up-to-date with the current real estate trends in Moore County.

Produced in conjunction with the Pinehurst/Southern Pines Area Association Multiple Listing Service, our market reports are the benchmark for residential real estate market information and an essential reference source for our clients, financial institutions, and other market professionals. Each overview looks at trends, in which statistics are broken down by the average sales price and the number of sales for each month. Our goal is to give consumers an idea of immediate, historical and emerging market trends.

Q & A

Has the Market Stabilized? This is an important question for both buyers and sellers and the number one question on the minds of consumers.   Our Market is steady in terms of price and we have excellent inventory to select from.

 

Interest rates are exceptional now and we have good inventory to select from.  Pinehurst/Southern Pines has experienced slow markets before but has stayed the course with pricing. 

Report date: December 2009

Buyer or Seller Market: Buyer

Average Time on the Market: More than 170 days

Market Trend: Flat but stable

Housing Inventory: Good Supply with some price adjustments

Average Home Price Sold Year to Date: $241,522

Best Selling Price Range: $150,000 – $300,000

Sold Price as a % of Asking Price: 95%

Multiple Offers: Rare

Greatest Activity: First Time, move up buyer, single family properties, military families from Fort Bragg.

Buyer’s Credit Options:  Both the first time buyers and those who have owned a home for 5 years or more can take advantage of the stimulus opportunities while the prices for homes are low, the mortgage rates are low and the credits are available. Click here for the tax credit guidelines.

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Buyer Tip: If you’re thinking of buying, the timing couldn’t be better! However, be prepared to make a larger down payment (10 – 20%) and provide full documentation. For properties in the $200,000’s the government insured loans are encouraging, such as FHA and VA.

Seller Tip: If you are serious about selling, properties must be priced extremely competitively from day 1 to attract the fewer qualified buyers that are now shopping for property.

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Market Trends and Recent Articles about  the Housing Industry.

- All Statistics supplied by the Pinehurst/Southern Pines Multiple Listing Service