The 2011 Stallings NC Real Estate Market--Four Facts

The 2011 Stallings NC Real Estate Market—Four Facts

It's time to look at the real estate market in Stallings NC and to assess how home buyers and home sellers fared in 2011.

Here are four facts about the Stallings marketplace in 2011.

1. The median sales price of single family homes in Stallings has improved slightly each of the past three years over the previous year.  Down 12.3% from the 2008 median price, the 2011 median price in Stallings was $199,495.
2. Townhome median prices in Stallings have declined each year since 2008 with the 2011 median sales price at $114,000.
3. Distressed sales accounted for only 16% of all sales in 2011.
4. New construction accounted for only 2% of all sales in 2011.

What do these four facts mean for Stallings buyers and sellers?

• Single family real estate prices have been stable the past few years, perhaps signaling a bottom in the Stallings market.
• Townhome prices appear to be continuing their downward trend making it difficult for townhome owners to sell.
• Home buyers can find good values in the Stallings real estate market, especially in the townhome sector.
• The resale market in Stallings appears fairly healthy with little competition from new homes or distressed sales.

Want to learn more about the real estate market in Stallings and see all the numbers for each of the past four years? Want to know where the most active Stallings neighborhoods were in 2011? Click on the link below.

Stallings NC Real Estate Market Report—Year 2011

Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Stallings NC Real Estate Market—Four Facts*