Prices and average days on market in Whispering Pines, NC are currently holding steady, the percentage of list to sold price is holding steady. Compared to the fourth quarter of 2007 sales volume has remained steady. The current level of inventory compared to units sold is creating a higher than normal absorption rate.  The high absorption rate signifies that Whispering Pines is in a buyer's market.  

Note:  Absorption rate is used to follow market trends.  It is the number of weeks it will take to sell current inventory at the rate of present sales. Absorption rates can change rapidly due to seasonal adjustments.

More than 7 months of inventory signifies a buyer's market.

5 to 7 months is a neutral market.

Less than 5 months is a seller's market

Linda Breeding

910-690-8368

www.RealEstateInPinehurst.com