Real Estate Market in Pender County

The real estate market in Pender County is on a positive up swing. If you look at just the sales prices in 2015 vs 2016, we are up 1%. Meaning homes are selling for MORE this year than 2015. This real estate market report for Pender County shows the amount of active listings from 2015-2016 has decreased from 3,262 to 2,685 (-17.7%).   What does that mean to you? The real estate market is now shifting for Pender County. There are less homes for sale (17.7% less than 2015),  and they are selling for MORE money (1% higher).

With the Pender County real estate market moving in such a positive direction the market absorption rate has lowered by nearly 35%.  So if no other homes got listed today in Pender County. We’d be out of homes to sell in just 6 months. That’s 4 months faster than 2015.

The real estate market in Pender County has had such a positive change. The average days on the market has gone from 99 days in 2015, to only 32 days in 2016. That is a decrease of 67%!  Even the average sold price has increased from 2015 by 1%, taking it from $273,835 in 2015 to $278,381 in 2016.  This reflects the list price vs sales price ratio which put sellers at receiving 97% of their asking price.  This speaks loudly of how well the Pender County Real Estate Market is doing and will continue to do.

 

We study the local market, know the trends, and have proven success.  

 

For a free market report of the real estate market in your Pender County please call, text, or email us today.  

 

Jennifer Bullock   910-512-4080   JenniferBullock@HomesForSaleWilmington.com