The Buyer's Blog

We're starting a blog to let our readers and web site browsers get our take on the current real estate market in Pitt County.  Please feel free to comment and check back for updates frequently.  We'll be posting information about the market trends in Pitt's real estate market and commenting about how prices, amount of home's for sale, and the average days on market affect how your strategy for buying a home. 

Of course, your first and most important strategic move would be to get a real estate broker that represents only you, the buyer, and not the interests of the seller or the real estate brokerage firm.  You can get the most knowledgable and friendly buyer's agents at Buyer's Choice, the Buyer's Best Friend, where we represent only you, the home buyer!

The paper recently said that home ales have been rising a little in Pitt County and for the last couple of months, that's true. Check out this nifty graph, which is based on home sales.

As the graph illustrates, home sales are increasing the last few months after a pretty drastic downward trend. Interestingly, though, average home prices continue to trend down as shown in this graph.

Sales prices are going down, which is probably driving the increase in the actual number of sales. As homes are on the market longer, homeowners are motivated to lower the price. This could be for a number a reasons such as having to move to another city for a job and needing to unload their home.

What does this mean if you’re thinking about buying a home now? It means it’s a perfect time because with inventory increasing, prices will probably continue to trend downward until the amount of homes on the market returns to a better equilibrium.

And if you’re going to purchase a home, I would recommend being represented by a Realtor who is looking out for your best interests. And you’ll certainly find one with us, Buyer’s Choice Realty, the Buyer’s Best Friend. We represent only homebuyers, so we’ll never pressure you to look at listings from our firm because we don’t have any listings. Call us today at 252-227-3289.