Union County Real Estate Talk

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Some Union County NC Sellers Find Real Estate Market Improving

Buyers market or sellers market in Union County NC?  In a previous post, we looked at the market absorption rate for Union County and concluded that the real estate market for the county as a whole has been a buyers market for the past year.  Click here to read more about Union County's market absorption rate.Union County NC Real Estate Market

With many parts of the country reporting that sellers markets have returned, we should ask whether sellers' fortunes have improved in any segments of the Union County real estate market.  Let's look at various price points within the market to see if we can find any part of the market favorable to sellers.

Remember that a sellers market is defined as fewer than 5 months of supply, a balanced market as 5 to 7 months of supply and a buyers market as over 7 months of supply.  Union County's supply of inventory has been a 8 months for the past year.

Analyzing the numbers for various price points we find the following:

  • Under $200,000             Balanced market of 5 to 6 months
  • $201,000 to $500,000    Buyers market of 9 to 10 months
  • $501,000 to $750,000    Buyers market of 15 to 23 months
  • Over $750,000               Buyers market of 10 to 14 months

If you are a Union County NC home seller with a home under $200,000, you are in a fairly good position with a balanced market.  For other sellers in the county, buyers still have a stronger position.

Click here to see all the numbers for the various price points within the Union County NC real estate market.

Want to know more about buying and selling real estate in Union County NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2012.  Carol Fox.  Allen Tate Realtors.  *Some Union County NC Sellers Find Real Estate Market Improving*

 


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Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-905-3935

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Want to know the value of your Union County NC home?

Visit www.UnionCountyHomeSellersGuide.com for a free online market analysis of your current home.

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at www.CarolinaSmallTownLiving.com.

 

 

 

0 commentsCarol Fox • May 11 2012 08:42AM

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