While the title may be a little confusing there really is not a "Cherry Point Real Estate Market". All housing on the base is owned by the U.S. Goverment and handled by the base or outside contractors. The off-base real estate market is Havelock and the surrounding civilian communites are impacted as well. For the sake of this article let's say Havelock gets the lions share of the Cherry Point off-base housing market.
Home sales last 12 months 306
Sales price range $46,000-$300,000
Homes on market as of May 1 2008 137
Last 3 months averages>>>>>
6.5 month supply of inventory on the market for sale (balanced)
Average days on market 85
Sales price to list price ratio 98%
Average sales price $149,603
This market is humming!