Earlier this week, HomeGain, the first website to provide free instant home values, released the national and regional results of our home prices survey of 1,084 current and former HomeGain members. The survey asked their opinions on home values and of Barack Obama’s performance as President. On this real estate blog we published the complete national and regional third quarter results.
Today we are releasing the North Carolina home prices survey data.
According to the home values survey, North Carolina home owners are back to thinking 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 and has risen to 32% in the current survey. Forty-eight percent of North Carolina home owners now believe that their homes should be priced 1-9% higher than the Realtor recommended listing price up from 20% in the second quarter. (see question 2).
North Carolina buyers views on home prices remained relatively unchanged from the second quarter North Carolina home prices survey. The majority of home buyers in the Tar Heel State believe homes are either fairly priced or withing 10% of the asking price. (See question 3)
The percentage of North Carolina Realtors that think home prices will decrease, ticked up in the third quarter with 32% thinking that home values will decrease in the next six months, vs. 22% who thought the same in the second quarter. (see question 6)
Sixty-two percent of North Carolina Realtors surveyed disapproved of Obama’s performance as President vs. 58% of surveyed Realtors nationally.
Set forth below is the first, second and third quarter North Carolina home prices survey data with the national data in parenthesis: