Prices and average days on market in Aberdeen, NC are currently holding steady. Sales in Aberdeen are down 86% compared to the fourth quarter of 2007. The current level of inventory compared to units sold in the fourth quarter is creating a higher than normal absorption rate. The high absorption rate signifies that Aberdeen is in a buyer's market.
Note: Absorption rate is used to follow market trends. It is the number of weeks it will take to sell current inventory at the rate of present sales. Absorption rates can change rapidly due to seasonal adjustments.
More than 7 months of inventory signifies a buyer's market.
5 to 7 months is a neutral market.
Less than 5 months is a seller's market.
Linda Breeding
910-690-8368
Linda Breeding, a Pinehurst native, is a focused real estate professional who understands that paying attention to the smallest detail can impact the success of your next move.
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