Market Conditions for Fayetteville, North Carolina
Reported by Matt Jones, ePro, FAST
Updated October 15, 2010.
Current Market Rating: 1
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Buyer's
Seller's
Current Price Trend: 3
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Falling
Rising
Market conditions in Fayetteville and surrounding areas remain a Strong Buyer's Market with average Days On Market (DOM) 292 days.
Absorption, or the rate in months at which the market absorbs the current inventory is at 9.7 months. In the 12 months beginning in Q4 2009 through Q3 2010, there have been a total of 5821 units sold.
New home sales have amounted to 37% of all home sales (2175 units) with existing homes at 63% and 3646 units.
The overall average sale price is $160,887, with the average new home price of $203,433 and the average existing home price of $135,506.
The average markdown, or the spread between the average listing (or asking) price and the average selling price is at 3.9% for existing homes and 0% for new homes.
Company: FavoriteAgent.com
Phone: 910-808-1212
Email: matt dot jones at favoriteagent dot com
