The Jacksonville NC Real Estate Market Report 1st Atr 2012 identifies some trends that are going on within our local real estate market. This information is compiled from the Jacksonville Board of REALTORS MLS, and encompasses Onslow County, NC.
Please click on the image below to watch a short video that provides the Jacksonville NC Real Estate Market Report 1st Qtr 2012 including numbers for new construction homes, single family re-sale homes, bank owned homes and short sale homes. It is critical information for both buyers and sellers to help show what is happening in our Jacksonville NC Real Estate Market, so you can make well informed buying or selling decisions.
As you can see from the video, there are trends indicated in the sales patterns over the past two years. I think we will continue to see a continuation of these trends through 2012.
The Jacksonville NC 2012 Real Estate Market Report shows the domination of new construction sales over re-sale homes in the area. As the supply of homes and existing inventory of both new construction and re-sales, continues to increase as we move into our sales season, I expect competition to expand into the new construction side of the market. I believe builders will be offering great incentives to increase the desirability of their inventory over other new construction homes that are available. It is no longer a matter of new construction competing with re-sale homes on the market. In the current Jacksonville NC Real Estate Market, the increased inventory numbers are now forcing new construction to compete with other new construction.
Based on the 1st Qtr 2012 Jacksonville NC Real Estate Market Report, sellers are well advised to not only price their homes as competitively as possible, but also to ensure the condition of the home puts it in a position to be able to compete with the large number of new construction homes on the market as well.
Take the information provided in this Jacksonville NC 2012 Real Estate Market Report video to help in your local area real estate decisions.