Existing-home sales in North Carolina posted another month of double-digit gains in March, rising 20 percent from a year ago, the North Carolina Association of Realtors reported.

According to statistics compiled by NCAR, 12,022 residential units were sold in March, up from 9,984 reported in March 2005.

The average existing-home sales price dipped 1 percent in March to $207,318, compared with $209,421 posted a year earlier.

There were 29,775 residential units sold during the first three months of 2006, up 17 percent from the same period last year.

Brevard (76 percent), Catawba Valley (41 percent) and Jacksonville (48 percent) lead the state in positive growth, posting the strongest year-to-date increase in total sales dollars, which totaled more than $6 billion, according to NCAR. Unlike 2005, which saw the strongest price appreciation along the coast, 2006 is shaping up to be the year of the mountains. The largest year-to-date price appreciation was seen in Brevard, Hendersonville and Haywood County at 26 percent, 21 percent and 18 percent, respectively. Meanwhile, previously hot coastal areas are cooling down in both unit sales and prices.

With more than 36,000 members, the North Carolina Association of Realtors is one of the largest associations in the state.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription