Moore County Residential Market Report January – July 2014
Moore County Residential Market Report Jan – July 2014
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Market Report
Average Days on the Market – Residential Properties
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Homes Sold by Price Range
Average Days on the Market for Active and Sold homes in Moore County we have almost even averaging – a good sign to see these days around the 160 to 180 mark.
Residential Units Sold – Moore County
Number of Residential Units Sold in Moore County is on the rise since the slow start to the beginning of 2014. This number tends to retract in the final quarter of the year.
The statistics presented in this report are compiled based on figures and data generated by the PSP-MLS. Due to possible reporting inconsistencies, Days on Market (DOM) should be used to analyze trends only. Property and statistical data is derived from the PSP-MLS and is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.
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Market Report
Moore County Sold Price vs. Listings Sold – Residential Properties
Homes Sold by Price Range
Sold Price vs. Listings Sold – this graph shows the median and average prices for the homes sold in Moore County from Jan – July 2014. A slight rise in the prices indicates an improved market.
Moore County Absorption Rate – Residential Properties Absorption Rate – to determine the absorption rate we calculate the number of homes sold within a period of time and the results indicate the number of months it takes to sell the inventory. A six month rate is the sign of a healthy market. We are moving in the right direction.
The statistics presented in this report are compiled based on figures and data generated by the PSP-MLS. Due to possible reporting inconsistencies, Days on Market (DOM) should be used to analyze trends only. Property and statistical data is derived from the PSP-MLS and is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.
Market Report
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Moore County Area Market Report – Residential Sales Comparisons (January - July) 2014. 2013, 2012 Year Total Sold Days on Market List Price Sold Price
2014 793 170
2013 810 183
2012 576 193
$261,796 $250,852
$258,752 $246,999
$264,250 $250,474
Number of Units Sold by Price Range (January - July) 2014, 2013 Price Range 1 - 100,000 101 -200 201 - 300 301 - 400 401 - 500 501 - 600 601 - 700 701 - 800 801 - 900 901 - 1,000 1,001 - 1.5 ml 1.5 mil +
2014 77 249 278 107 44 13 9 2 5 6 2 1
2013 69 288 248 122 38 16 17 4 2 2 2 0
1.5 mil + 1,001 - 1.5 ml 901 - 1,000 801 - 900 701 - 800 601 - 700 501 - 600 401 - 500 301 - 400 201 - 300 101 -200 1 - 100,000
2013
2014
0
50
100
150
200
250
300
350
Days on Market Comparisons by Price Range (January - July) 2014. 2013 1.5 mil + 1,001 - 1.5 ml 901 - 1,000 801 - 900 701 - 800 601 - 700 501 - 600 401 - 500 301 - 400 201 - 300 101 -200 1 - 100,000
2013 2014
0
500
1000
Price Range
2014
2013
1 - 100,000 101 -200 201 - 300 301 - 400 401 - 500 501 - 600 601 - 700 701 - 800 801 - 900
157 162 162 163 198 275 364 156 306
188 169 163 211 190 240 250 271 911
901 - 1,000 1,001 - 1.5 ml 1.5 mil +
288
75
154 287
815 0
More specific analysis is available from our Sales Associates for geographic areas, subdivisions, types of properties and other variations to help our clients understand market trends in the Moore County marketplace .
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Moore County Residential Market Report January – July 2014
Moore County Residential Market Report Jan – July 2014
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Moore County Residential Market Report January – July 2014
Moore County Residential Market Report Jan – July 2014