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New Construction in Fayetteville NC Market

By
Real Estate Agent with Eric Anderson Realty Group 243419

New Construction year to date New Home sales from Jan-Dec 2010 equaled 2,156, which is only 10 houses lower than the same time last year. New homes are dominating our market.  The predictions are that the market will continue to be dominated by new home construction.

The domination of New homes in the market is impacting Residential home sales. Sellers in our Fayetteville market will need to reduce prices in order to compete with new homes.  It's going to take a tremendous amount honesty and analysis to ensure residential homes continue to sale.   

 

Comments (1)

Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

This is very true. I have found new homes are preferred when buyers look at both existing home and new construction. This year I will focus more on new construction.

Jan 23, 2011 12:20 AM