Pittsboro Real Estate Market Update 3-23-2020
Pittsboro Housing Market Update 3-23-20
The volatility in the economy caused mortgage rates to rapidly decrease then rise again. Restrictions meant to keep us safe like social distancing, school closures, and restaurant restrictions have caused a lot of disruption in our daily lives but what effect will it have on the Pittsboro real estate market?
To be honest, we do not quite yet know. It has certainly created scheduling and safety concerns but will it decrease the supply and demand for housing? My professional opinion is yes, in the short term there will be less new listings for sale and less buyers wanting to make a move.
We will continue to post Pittsboro and other Triangle housing market updates to keep you informed of our local real estate market trends.
Pittsboro Real Estate Market Trends Past 3 Months
- Average Days on Market of homes for sale in Pittsboro is 142 Days
- Average Sales Price for homes in Pittsboro over the last 3 months is $402,250
- Average Square Feet of homes for sale in Pittsboro is 2,486 sqft.
- Average Price Per SQFT of homes for sale is $188/sqft versus $155/sqft for homes sold in the last 3 months in Pittsboro.
To see the complete ---> Pittsboro Real Estate Market Report
To learn more about ---> Pittsboro Real Estate