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 October and YTD for 2007 and 2008. Yes, YTD sales volume is certainly down: about 22% YTD for single family units and 20% YTD for condos. However there are some positive signs. For example, this past July that YTD figure for single family homes was 28%, and when looking at October single family volume we are only 16% down from last year. Average sales prices "October to October" show almost a 10% decline, much greater than the 2% YTD. That very likely has been influenced by many high DOM (Days on Market) sellers beginning to accept lower offers relative to asking price. Again, the increase in condo prices reflect more sales of new luxury condos in the Moore County market.
Oct ‘08 Oct '07 YTD '08 Same ‘07
Moore County Single Family
# Units Sold 71 85 821 1,059
Average Price $243,627 $269,390 $265,845 $271,616
Avg. Days on Market 137 132 139 132
Moore County Condos
# Units Sold 11 17 165 207
Average Price $188,765 $184,950 $203,996 $174,717
Avg. Days on Market 142 86 166 124
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 11/24/08; data includes all properties listed in Pinehurst-Southern Pines MLS including some located outside of Moore County.
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