Sellers have the power in New Bern’s booming real estate market, as Covid-19 attracted people to its small-town charms.
The median listing price in New Bern is $215,000, up 14.2 percent since May 2020 and the average days a home spends on the market is 79, compared to 206 in May 2020, according to Rocket Homes New Bern Housing Market Report.
Donna Harmatuk, operating principal for Keller Williams Realty New Bern and Morehead, uses her twenty plus years of experience to break down New Bern’s real estate market and explain the most important things people should know right now.
1. Sellers have the power
For the first time in 15 years, the New Bern real estate market is a sellers market.
“The current housing market in Craven County is unbelievable. I’ve done this for 22 years and never seen a market like this, meaning the lack of inventory and the demand of buyers,” Harmatuk said.
The new normal is for sellers to get eight to ten…