As consumer confidence strengthens and the economy continues to show signs of improving many homebuyers are taking advantage of the low interest rates even though they have recently began to rise in recent weeks. Real Estate here in southeastern North Carolina for the month of April sold 536 homes –a 9% increase over March figures. According to WRAR, home sales continue to increase as we approach levels close to pre—rescission.
The hottest market is for entry level homes listed 150,000-250,000 with many listings receiving multiple offers. The average price for local homes has also increased from $221,773 in March to $225,618 in April, just a 2 percent increase. Buyer activity in the market is strong so sellers are taking note and beginning to raise home prices. The trend is that homes are selling faster with fewer days on market and receiving a higher sold price.
If you have been thinking of buying a home now is a great time. Interest rates have began to increase and consumer confidence is improving. New construction is still one of the leading driving forces for home sales along with many great deals still to be found in the foreclosure market.
Search all area homes, http://www.homesforsalehampsteadnc.com/ and contact Coastal Realty Associates for a private showing today, 910-262-6744 or Coastalncproperties@gmail.com.