Sunday, October 11, 2009

New Bern NC Homes for sale

The Mumfest, held in downtown New Bern, was a smashing success. I have been attending this event for years and believe this was one of the largest crowds we have ever had. I dare say that New Bern has as much going on in October as any small city in the country. Every weekend is filled with fun things to do.

Well, this past week we saw the existing inventory of homes for sale shrink a little. While this is good news I am not sure why this is the case but suspect it is because expired listings are not being renewed.

There were 91 closed homes in the last 30 days with the average sales price of $173500.00. The average days on the market for closed sales was 150 days. Pricing in today's market is critical. If you have to sale listen to your Real Estate Broker. They don't make the stastics up. If you cannot afford to sale for the price they recommend do not put your house up for sale.

Steve Tyson
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