Saturday, April 20, 2013

New Bern Real Estate-Home Sales 2013

Home sales in New Bern and Havelock through April 20-2013

Total homes sold January 1-April 20 , 2010=301

Total homes sold January 1-April 20.  2011=348

Total homes sold January 1-April 20.  2012=329

Total homes sold January 1-April 20.  2013=375

There are currently 1430 homes listed for sale in our multiple listing service. We are selling homes at a rate of about 140 a month.. A buyers market is defined as more than 6 months of home inventory. It is definitely a buyer’s market as we currently have about 10 months worth of inventory. With that said each neighborhood and price range is unique

Home sales in each neighborhood can vary greatly. Feel free to call or email me if you would like to have a customized absorption rate or a Comparable Market Analysis for your property. 

Home sales in the New Bern-Havelock market are up over last year. However, all of the increase is attributable to Bank Owned homes sold. We are still working through distressed properties in New Bern and I hope by the end of the year the worst will be behind us. Right now, about .07% of the listings on the MLS are Bank Owned. However, 33% of Home Sales through April 20 have been Bank Owned. This number has to, and I believe will, go down. 

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