Masha Halpern's Market Report

Pittsboro, NC

Single-Family Homes

Boutique Real Estate at Keller Williams Realty | Masha@MashaHalpern.com



Pittsboro, NC

Thu Feb 21 2019
This week the median list price for Pittsboro, NC is $540,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 117. Click here to stay informed with the Pittsboro market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Pittsboro, NC

Thu Feb 21 2019
This week the median list price for Pittsboro, NC is $540,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 117. Click here to stay informed with the Pittsboro market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Pittsboro market.
Median List Price $540,000
Per Square Foot $168
Days on Market 171
Price Decreased 24%
Price Increased 3%
Relisted 5%
Inventory 117
Median House Rent $1,898
Most Expensive $1,500,000
Least Expensive $98,500
Market Action Index
Slight Buyer's Advantage
27

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$739,900 3,927 1 - 2.5 acres 4 4 1 1 0 169
$580,000 3,546 1 - 2.5 acres 4 4 1 0 1 201
$495,000 3,004 1 - 2.5 acres 4 4 1 2 0 200
$375,000 2,547 0.5 - 1 acre 3 3 18 4 5 115