Southeast NC Housing Inventory Jumps 14.7% to 2,392 Homes as Pending Sales Rise 9.4%
Updated
Updated · bizfayetteville.com · May 26
Southeast NC Housing Inventory Jumps 14.7% to 2,392 Homes as Pending Sales Rise 9.4%
1 articles · Updated · bizfayetteville.com · May 26
Summary
2,392 homes were on the market in southeast North Carolina at the end of April, up 14.7% from a year earlier, while pending sales climbed 9.4% to 783 and new listings rose 8.6% to 1,093.
626 closed sales fell 9.1% year over year even as supply expanded to 3.8 months and average days on market increased 11.5% to 68, pointing to a more balanced spring market.
$299,803 was the median sales price in April, up 1.8% from a year earlier, with the average sales price rising 4.2% to $311,744 despite slower completed transactions.
Single-family new construction showed the sharpest split: new listings jumped 40.3% and pending sales rose 26.2%, but closed sales dropped 21.6% to 152; townhouse and condo closed sales halved to 20.
The report said market conditions are increasingly segmented by property type and price, with stronger rolling 12-month demand in homes priced at $350,000 and above.