Friday, November 12, 2010

Comparable sales in New Bern

In the last week there 16 closings in our MLS.
In the same time frame one year ago there were 21 closings. This represents a decrease of almost 24%.

For the entire year sales are just about the same as last year.

New home sales for the year are about the same as last year. The new home inventory is slowly but surely working its way down. Currently there is about a 11 month inventory of new homes on the market. A stable market is generally defined as a 6 month inventory.
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