05:03
The Cabarrus County real estate market has seen strong in growth in recent years, and area agents predict an upward trend for sellers will continue in 2015 as consumer confidence grows.
According to data from the Carolina Multiple Listing Services, the average sales price of a home in Cabarrus County rose 9 percent between 2012 and 2014 and closings are up 37 percent.
In addition, the number of homes for sale is down 13 percent and the supply of homes for sale is down from 10.5 months in 2012 to 6.6 months in 2014.
Cabarrus real estate agent Diane Honeycutt said the recent uptick seems to support economists’ predictions that 2015 is going to be a good year for home sales. “Sales for January are up 7.6 percent over 2014,” she said. “In addition, there are (fewer) homes on the market this January, down 15.4 percent over January 2014.
“This means the inventory of homes on the market is down, and competition for those homes is going to be strong. Homes that are priced correctly and available for showings should sell for competitive prices.”
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