2007 Moore County Real Estate Sales Statistics
Friday, December 28th, 2007The following information is year-to-date as of 12/27/07 and 12/27/06 from the Pinehurst-Southern Pines MLS. Medians used for prices and days on market.
2007 # Units Sold Sale Price List Price Days on Mkt.
Single Family 1,203 ↓8% $230,000 $238,900 105
Condos/Townhomes 231 ↓9% $167,500 ↑12% $172,000 92
Lots 537 ↓30% $52,000 ↑37% $55,200 116
2006 # Units Sold Sale Price List Price Days on Mkt.
Single Family 1,309 $229,000 $234,900 105
Condos/Townhomes 254 $150,000 $155,000 88
Lots 768 $38,000 $39,900 118
Though sales volume has declined in all three categories, prices have remained relatively stable for single family homes and have increased for both condos/townhomes and lots. The sale vs. list price gap has increased for single family homes by about 50% in ’07. Overall, this raw sales data suggests the Moore County real estate market is faring much better than many other regions througout the country.