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:
Jamel Williams transitioned from active military duty to the civilian workforce in 2018. He entered into the field of real estate with the hope of helping other military personnel find their home, as he knew from firsthand experience the challenge th
rom Concept to Capability panelists (L to R) Dr. Paul Baker principal deputy (A) of the Army Science Division Army Research Office, Klinton Snead, extramural staff director for the Army Research Office, panel moderator Phil Williams, VP of corporate
Photo by Tierra Mallorca / Unsplash Buying a house is not for the weak. This year, my husband and I decided to begin the hunt for a home. When I tell you January was one of the most stressful times in my life, I mean it from the bottom of m
