Moore County Sales Statistics for July 31, 2008 w/ comparisons to 2007

Below you will find some sales statistics for Moore County NC with breakdowns for single family homes and condos, as well as period comparisons for the month of July and YTD for 2007 and 2008.  Yes, YTD sales volume is certainly down: about 28% YTD for single family units and 11% YTD for condos.  However both of these figures improved from 32% and 15% respectively from YTD June figures.  Average sold prices remain relatively strong in both categories.  The increase in condo prices reflect more sales of new luxury condos in the Moore County market.  

                                                    July ‘08          July '07             YTD '08         Same ‘07

 Moore County Single Family

# Units Sold                                     109                  126                     554                  776

Average Price                             $250,979        $277,133          $270,393       $272,768

Avg. Days on Market                      138                  131                     140                  136

Moore County Condos

# Units Sold                                     23                    20                        129                145            

Average Price                             $216,712       $173,067            $207,117     $170,609

Avg. Days on Market                       140                  97                       164                129

Information provided by Broker/REALTOR® Todd Kenthack, owner  of The Pines Realty at (910) 603-9050 or by email at Todd@GolfHomesInPinehurst.com.

Source: Pinehurst-Southern Pines MLS as of 7/31/08; data includes all properties listed in Pinehurst-Southern Pines MLS including some located outside of Moore County.