New Bern Real Estate Market Sees Home Sales Fall

With home sales in the New Bern market already below average, in this week's report they dropped 5.3% to 36 homes sold over the last 30 days. Within the same time frame, River Bend had 10 sales, the most of all cities in the area. Months of inventory continued a steady rise, trending upwards for eight weeks to reach seven months. New Bern is a strong buyer's market, due to the large amount of inventory left and aided by the dip in sales.

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Demographic facts about New Bern:

  • The median value of all homes is $113,700.
  • The area gets 120 rainy days a year. (U.S. average: 100)
  • The unemployment rate is 9.6%.
  • The student-to-teacher ratio is 15.2:1. (15.3:1 = national average)

Data reported through 10/19/2016

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Justice Realty Group
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