This edition of the Jacksonville NC Real Estate Market Report includes the latest monthly numbers through October 2012.
Jacksonville NC Re-sale home sales that experienced a steep decline last year and the first part of 2012 have leveled off. Re-sale numbers are down only 1% this year from the same time period (Jan - Oct) as last year. New Construction sales have been steadily increasing, and my expectation is that trend will continue. This Jacksonville NC Real Estate Market Report helps sellers be aware of current maket information so they have a full understanding of the homes they are in competition with, and can price their homes accordingly. Sellers must realize in the Jacksonville NC Real Estate market, your home is not just competing with the other homes for sale within your neighborhood...but also the homes 5 to 10 miles away within the same price range... including new construction.
This edition of the Jacksonville NC Real Estate Market report shows home sales are still occurring, though will decline each month through January of 2013 if historical trends are repeated. All reported numbers are for single family homes only. The report does not reflect the numbers for town homes, duplexes, manufactured homes nor land sales. All information is taken from the Jacksonville Board of REALTORS MLS in areas 1 - 7 (Onslow County).
The Jacksonville NC Real Estate Market Report provides information for both new construction sales plus current inventory numbers and also for re-sale home sales and inventory.
The first slide shows Jacksonville NC New Construction sales in our area each month since 2009.
In addition to monitoring new construction sales numbers, it is also important to watch the number of homes for sale. (current inventory)
This slide represents the number of Jacksonville NC re-sale home sales.
And the current inventory numbers for re-sale homes.
This final slide shows the relationship of new construction to re-sale home sales since 2009
Continue to check back for the monthly update of the Jacksonville NC Real Estate Market Report. If you have any questions, or would like additional information, please call (or text) (910) 265-6860, or send an email to Ken@KenBrandon.com and I will ensure a real estate professional gets you the information you're looking for.