Marvin NC Real Estate Market Second Quarter 2012--Four Facts

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Real Estate Agent with Allen Tate Company 704-905-3935

Marvin NC Real Estate Market Second Quarter 2012—Four Facts

It's time to look at the real estate market in Marvin NC and to assess how home buyers and home sellers fared during the second quarter of 2012.

Here are four facts about the Marvin marketplace in April to June 2012.Marvin NC Real Estate Market

  • At $512,500, the median closed price was 4.2% higher than the first quarter median closed price.
  • The second quarter median pricing remained below 2011 median pricing.
  • Almost twice as many homes closed in the second quarter compared with the first quarter.
  • Eighty percent of the sales in the second quarter were market resales.

What do these four facts mean for Marvin NC buyers and sellers?

  1. Buyers in the village can find lower prices than at any time since 2008.
  2. Sellers don’t have much competition from new construction or distressed sales, perhaps contributing to the rise in prices in the second quarter.

Want to learn more about the real estate market in the Village of Marvin NC and see all the numbers for each of the past four years?  Click on the link below.

Marvin NC Real Estate Market Report—April-June 2012

Copyright 2012. Carol Fox. Allen Tate Realtors. *Marvin NC Real Estate Market Second Quarter 2012—Four Facts*


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Rainmaker
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Team Honeycutt
Allen Tate - Concord, NC

Thanks for your blog. Your Four Facts sound like things are looking up. We have waited a long time for a turn around - even if it is slow in coming.

Betty

Aug 17, 2012 06:48 AM #1
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Rainmaker
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Carol Fox

Broker Serving Charlotte's Best Small Towns
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