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