Buoyed by the momentum of neighborhoods in Hickory, Lenoir, and Hudson, Caldwell County once again ranks as the best overall residential real estate market in the region. Alexander County made the biggest gain. Catawba County gave up one spot. Burke County slipped to last place at it appears there’s no momentum on the Western front.
To review, our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”). The scope of the analysis is the Greater Hickory Metro and its largest sub-markets. Sub-markets are based on zip code. Hickory’s zip codes 28601 and 28602 are filtered by county. The counties and sub-markets are ranked according to their percentage of pending homes sales.
This month’s report contains a new dimension of analysis. ….bank owned properties (REO) versus non-institutional ownership. Due to time constraints I was only able to compare this at the regional market level. This month’s rankings are available for download (PDF) by clicking this link: Pending-Home-Sales-02-24-2011 .
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