The information below is from the Pinehurst-Southern Pines MLS, for the period of January 1st to December 27th 2007 and the same period for 2006.

2007 single family home sales statistics for Pinehurst show a slight increase in prices and a significant decline in number of units sold, compared to the same period in 2006.   In 2007, 381 homes sold with a median sales price of $259,900 and an average days on market of 100.  This compares to 483 homes in 2006 that sold for a median price of $250,000 with an average days on market of 106. 

The statistics for condo and townhome sales for the same periods show very little change in units sold and a fairly significant increase in prices.  In 2007, 116 units sold with a median price of $154,000 and an average days on market of 84.  In 2006, there were 126 units sold, but the median price was about 13% less at $136,000 and the average days on market was 80.  This reflects a consistent demand for Pinehurst condos and townhomes, particulary higher-end units and larger, newer units being sold in several new subdivisions including Lamplighter Village and the Villas at Forest Hills.  

These statistics show the expected slowdown in activity but also reveal that prices in the Pinehurst market are holding their own versus many other markets across the country.