The information provided below is for prospective home purchasers in the Moore County, NC market, or current owners curious about Moore County NC home values. Well, the calendar year has ended and because of such we will focus on '08 vs. '07 numbers. Not surprisingly, total sales volume was down 25% county-side for single family homes and 24% for condos. Prices (average price sold) for single family homes, though down significantly when looking at monthly comparisons (-15%), ended up declining about 4% versus total 2007 figures. Please bear in mind that condo prices have been affected by the increase in higher end condos being sold, primarily in the Pinehurst market. All in all, the Moore County market seems to be doing well with respect to market values. We will see what 2009 brings!
Dec ‘08 Dec '07 2008 2007
Moore County Single Family
# Units Sold 46 78 915 1,224
Average Price $243,503 $286,739 $263,645 $274,191
Avg. Days on Market 117 129 138 133
Moore County Condos
# Units Sold 9 23 187 245
Average Price $242,987 $222,569 $208,632 $181,937
Avg. Days on Market 98 124 164 125
Information provided by Broker/REALTOR® Todd Kenthack, owner of The Pines Realty at (910) 603-9050 or by email at Todd@GolfHomesInPinehurst.com. Check out all homes for sale listed in the local MLS by going to: MoveToMooreCounty.com.
Source: Pinehurst-Southern Pines MLS as of 1/5/09; data includes all properties listed in Pinehurst-Southern Pines MLS including some located outside of Moore County.