new bern nc real estate 2008 market reports: New Bern NC Closed Transactions vs. Pending - 12/18/08 04:02 PM
Well as we get to the end of the 2008 sales year it's time to look at the trend lines for closed transactions vs. pending transactions for the area covered by the Neuse River Region Association of REALTORS®.  The chart below follows the old line" a picture is worth a thousand words".

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new bern nc real estate 2008 market reports: New Bern, North Carolina: "Inventory Starting to Stabilize?" - 08/05/08 11:21 AM
The amount of housing for sale in the area around New Bern NC has not started to decline yet. 
The present run up in inventory started in late 2006.  The highest number of homes for sale occurred in July of 2008 at 1577.  The largest amount of inventory prior to July 2008 was October 2007 with 1575 units for sale.
With that being said, I think we are beginning to see some stabilization in the local market.  June numbers were 1569 and July 1577 an increase of +8.  This is the smallest monthly increase in 12 months.
Sales while trending below 2007 … (0 comments)

new bern nc real estate 2008 market reports: New Bern; North Carolina NRRAR®Second Quarter Market Report 2008 - 07/26/08 11:09 AM
The buyers market continues to hang on for the second year here in New Bern.  Inventory levels are high, buyers are few in numbers and the bottom and top ranges of the market is where we are seeing movement.
One the high end we have seen 1 million plus home sell this quarter which brings the total for the year to 3. There are currently 27 million dollar plus listed properties for sale.
One the other end the market between $100,000 and 199,999 represented 49.3% of our market for the second quarter .
Here's the rest of the news:          2nd Qt 2008                                       2nd … (0 comments)

new bern nc real estate 2008 market reports: New Bern, NC: NRRAR® First Quarter Market Report 2008 - 04/19/08 02:04 PM
This information is for the Neuse River Region Association of REALTORS® serving the New Bern, Havelock, Cherry Point area, Craven and Pamlico Counties as well as parts of Carteret and  Jones Counties, NC.
Well the numbers are in and while the talking heads continue to pound the national real estate market I remain "BULLISH" on real estate. Real estate is one of the few investments that you can put your hands on, walk across and make improvements to .  Everyone needs shelter.
                                                               First Quarter 2008                                 First Quarter 2007 
Single Family home sales  *                                 337                                                       492
Average days on the market *                               139                                                        96
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Homer Ray

Eastern NC Homes

New Bern, NC

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