Longleaf Pine REALTORS has released its latest market analysis, revealing a 3.0% year-over-year increase in the median sales price for all properties, highlighting steady growth in the local housing market despite broader national trends.
The analysis shows that the median sales price for single-family existing homes has risen by 4.7%, reaching $268,500. This increase suggests robust local demand, even as the number of closed listings year-to-date stands at 2,376.
Nationally, the median existing-home price has reached a record high of $407,600, marking a 5.7% increase from last year. Inventory levels have also improved significantly, with a 9% increase month-over-month and a 16.3% rise year-over-year, providing a 3.5-month supply at the current sales pace.
Longleaf Pine REALTORS remains optimistic about the local market, attributing the resilience in prices to strong demand and solid market fundamentals. This positive outlook demonstrates the local market's ability to weather challenging circumstances and continue to grow.
Real Estate Highlights:
Co-Owners Nate Stobbe (right) and Lori Tracy Stobbe have spent the past year personalizing their store offerings and services for the Fayetteville community.A big birthday is coming up for local hardware resource Lori’s Ace Home & Hardware
Twelve-year-old Zoe Noelle Whitehead is the name and face of Zoë Noelle’s Princess Spa, LLC. After being open for a year, the brand will be expanding their business and offerings with a new party and event space located at 159 Maxwell St. in downtown
On June 19, FSU Chancellor Darrell T. Allison announced the gift to students, faculty, and staff in the Rudolph Jones Student Center Amphitheater and that 4,463 students are attending summer school. Photo provided by FSU.In its fourth year,
