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:
To wrap up the first day, attendees were able to meet up for a social event at the Brad Halling American Whiskey Ko. in Southern Pines where a $10,000 check was presented to the Joint Special Operations Foundation for their scholarship fund. Photo pr
The three-story, 200,000 square-foot business incubator space is located at 420 Maiden Lane. The building features an elevator, construction has begun on handicap bathrooms for the first floor and the second and third floors feature window walls offering views of Segra Stadium.
Image provided by FTCCFocused on building the local workforce and streamlining the education process through real world learning, the Hope, Opportunity, Prosperity through Education Program at Fayetteville Technical Community College (FTCC), also kno
