Wow. it is nice to finally see spring here. in a market where everything has been gloom and doom for several months, it is nice to finally see the weather and the mood break at the same time. In central NC it is great to see things turning around. for months we have been watching the mls and seeing new listings and expired listings outnumbering the pending listings almost 4 to 1. Over the last three to four weeks I have enjoyed looking at the growth of the pending list and the pendings finally outnumbering the expired 2 or 3 to 1. That is a welcome sign of things starting to move a little bit.
Unfortunately, I am still not seeing the higher priced homes move. The bulk of the pendings are showing up in the area from 130k to 260k. I wish we would start seeing the 400k and ups start moving. I think we still have a ways to go in economic recovery in order to see that market get a kick start.
On the high side, being positioned between the triangle area of NC and Fort Bragg, I am in an area where I am seeing a lot of interest in homes from soldiers coming home from overseas and relocating soldiers. I am really beginning to appreciate Fort Bragg a lot more these days because it appears to be recession proof. In a market where homes are continuing to depreciate, it is nice to see the Fort Bragg area showing appreciating prices of homes sales by almost 7% over the last year. We hope it will continue around here.
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