Market Update

Fourth quarter 2016 volume for single-family home sales throughout Craven County decreased 7.6% over the fourth quarter of 2015.

December sales volume was 3.5% lower than December 2015 levels. Pending sales at the beginning of January 2017 increased 37% from January 2016.

In looking at the annual statistics, January 2016 - December 2016, sales volume was up 3.1% over the previous year with the median sales price increased 6.6% to $159,900.  Average Days on the Market decreased 10.9% to 119 days during this same time period.

There are currently 658 Active Residential listings on the market in Craven County representing 5 months of inventory (months based on previous year sales volume).

What does all this mean? With low home prices and affordable financing options, now might be the best time to make a move! 

This information is based on reports provided by Shackelford & Associates, taken from the North Carolina Regional MLS data and includes single-family property sales throughout Craven County.  Data maintained by the MLS may not reflect all real estate activities in the market.  Information is deemed reliable but not guaranteed.