Metropolitan Statistical Area (MSA):
Laurinburg, NC is a Metropolitan Statistical Area (MSA) comprising counties including .
Laurinburg, NC is a small city located in southern North Carolina. The city is part of the Charlotte-Gastonia-Rock Hill, NC-SC Metropolitan Statistical Area, which is also known as the Laurinburg MSA. The Laurinburg MSA includes all of Scotland County, North Carolina and parts of Richmond and Robeson counties.
The Laurinburg housing market has been on an upswing in recent years. Home prices have been rising steadily, and the number of homes sold has increased each year since 2013. The average sale price of a home in Laurinburg was $128,000 in 2017, up from $124,000 in 2016 and $121,000 in 2015. The number of homes sold rose from 546 in 2016 to 574 in 2017.
There are several factors driving the positive trends in the Laurinburg housing market. One is that the overall economy has been improving slowly but steadily since the Great Recession ended in 2009. This has led to more people having jobs and being able to afford a home. Additionally, interest rates remain at historically low levels, making it cheaper for people to get a mortgage loan. And finally, there has been an increase in population growth in North Carolina as people move here from other states for work or retirement.
All of these factors are expected to continue to drive positive trends in the Laurinburg housing market over the next few years. Home prices are projected to continue to rise modestly, and the number of homes sold is expected to increase as well. If you're thinking about buying a home or investing in real estate here, now is a good time to do so!