Home : Blogs : Linda Breeding : Linda Breeding in Pinehurst, NC blog

Real Estate Market Update – Seven Lakes, NC – Fourth Quarter 2008

Prices and average days on market in Seven Lakes, NC are currently holding steady. The current level of inventory compared to units sold in the fourth quarter is creating a higher than normal absorption rate. The high absorption rate signifies that Seven Lakes 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

Posted by Linda Breeding on 01/09/2009 04:06 PM

Comments (2)

Seven Lakes NC Market Report in the Real Estate Market Channel

market report, market statistic, market update, seven lakes

This post has been included in North Carolina Information Moore County, NC Information Seven Lakes, NC Information

2 Comments on Real Estate Market Update – Seven Lakes, NC – Fourth Quarter 2008

JAN

Linda, That is an attractive format for a market report - it certainly gives a true picture of the local market, Karen

Karen - Thanks! I think it is easier to see the numbers than just throwing them on the blog. We have so many different villages in our area and no two are the same. Hopefully people will get a good grip on all the different markets.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?