Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 9% from one year earlier, and up 6% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 39%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 360-thousand dollars. The number of units sold increased 9% year-over-year, and increased 50% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Flat Rock, NC
Area Information for Flat Rock, NC
Population:1,513
Median Age:42.35 yr
Median Commute Time:23 mins
Educational Climate*:3
Sales Tax:0%
Population Density:579/sq mi
Population Change Since 2000:-11.14%
Closest Airport:Piedmont Triad International
Closest College:Wake Forest University
Closest Jr. College:Surry Community College
Median Household Income:$33,461
Annual Residential Turnover:0%
Median Home Sales Price:$74,250
Closest Major Sports Team:Winston-salem Dash (a)
Change Avg. Household Income Since 2000:46.33%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Flat Rock, NC
Median Age: 42.35Married: 30%Number of Households: 635Households with Children: 111
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.