Sunday, June 21, 2015

New Bern-Craven County Home sales.

New Bern May Home Sales

Wow, hard to believe it is already the middle of June. Seems like time is flying this year. I have never seen it get so hot this early in the summer.

You can see from the numbers below that sales were down about 13 percent in May as compared to last May. If you remember at the end of April home sales were up 28% year to date. 

Home sales for the month of May

May 2015= 95 sales     Average sales price was $183,078

May 2014= 108 sales   Average sales price was $173,607

May 2015= 107 sales     Average sales price was $168,070

May 2015= 81 sales     Average sales price was $182,011

Still some good news!

Home sales year to date, as of the end of May, are still up 19%. Also average sales price is up slightly for the year. I am still feeling good about the prospects of a good year.

Bank Owned sales are up year to date and I hope this number will start to decline soon. We all know home ownership creates stable neighborhoods.

Interest rates are trending up and are currently about 4% on a 30 year loan. Lenders are still lending money and we have a good selection of inventory. Great time to buy as it is still a buyers market but that is changing.

It will be interesting to see what the numbers look like for June. I think that will set the tone for the year. If June sales are down over last June, we may have a problem.

If you have any questions about this data please give us a call, or go to my website,