Last month, HomeGain, one of  the first companies to provide free instant home valuations online, released the national and regional results of our first quarter 2010 home prices survey of more than 1,400 HomeGain  members. The survey asked real estate professionals their opinions on home values and what they thought of President Obama’s performance. On this blog we published the full survey results, including agent and broker commentary and charts. Earlier, we published the results of the first quarter 2010 Texas home prices survey, Florida home prices survey , California home prices survey, New York home prices survey , New Jersey home prices survey , Illinois home prices survey, Georgia home prices survey, Pennsylvania home prices survey and Arizona home prices survey results.

Today we are releasing the North Carolina home prices survey results.

According to our home values survey, North Carolina home owners continue to believe their homes are worth more than their Realtors’ recommend. In the first quarter survey 63% of North Carolina home owners believed that their homes were worth 10-20% higher than the Realtor recommended listing price. That percentage dropped to 27% in the second quarter North Carolina home prices survey rose to 32% in the third quarter and was 39% in the fourth quarter survey. In the first quarter 2010 survey, 48% of North Carolina home owners believe their homes are worth 10-20% than their Realtors’ recommended listing price. Eighty-four percent of North Carolina home owners now believe that their homes should be priced higher than the Realtor recommended listing price up from 79% in the fourth quarter of 2009. (see question 2).

A lesser percentage of North Carolina buyers believe that homes are fairly priced. Thirty-two percent of North Carolina home buyers believed that homes were fairly priced in the fourth quarter of 2009 vs. 26% who thought the same in the first quarter of 2010. In the fourth quarter of 2009, 34% of home buyers thought that homes were just 1-10% overpriced vs 29% who thought the same in the first quarter of 2010 . The majority of home buyers in the Tar Heel State believe homes are either fairly priced or within 10% of the asking price. (See question 3)

The percentage of North Carolina real estate professionals that think home prices will decrease, trended down to 24% in the 1st quarter of 2010 vs 29% in the 4th quarter of 2009, vs. 32% in the third quarter and 22% in the second quarter. (see question 6)

Seventy-one percent of North Carolina real estate professionals surveyed disapproved of Obama’s performance as President vs. 76% who disapproved in the fourth quarter of 2009 vs. 62% in the third quarter. (see question 10)

Set forth below is the 2010 first quarter North Carolina home prices survey data with the 2010 first quarter national data:

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you think Barack Obama is performing in his role as President?

Question 1:

Question 2. On average, what do your homeowner clients believe that their home is worth?