Welcome 2018, a New Year full of possibilities and opportunities! How’s the local real estate market performing? We wanted to take the opportunity to share a year end market update comparing 2017 to 2016 and a 2018 Real Estate Industry Outlook Report.
Positive Real Estate Market Trends:
As we move into 2018, sellers will have an edge over buyers as demand is expected to increase. Low interest rates and consumer confidence are contributing factors to the increase in sales. Price appreciation has occurred for the last 3 years, with the area’s average sold price increasing by 8.37% since 2016 to $259,197.
Whether you are a buyer or seller in the market, real estate in the Southeastern NC region continues to be a good long-term investment. If you are curious about the value of your home or would like any additional market data on specific areas or zip codes, please don’t hesitate to call us at (252) 240-2100 or click for your Home Value.