Existing-home sales in North Carolina were higher in January than the year-ago figures, but slower than the pace set in December 2003, according to statistics compiled by the North Carolina Association of Realtors.

According to NCAR, 5,932 residential units were sold in the first month of 2004, an 11 percent increase over sales in January 2003. Total sales registered $1.07 billion and the cost of an existing home averaged $181,477.

While unit sales were up from those posted a year earlier, they were down sharply from the 7,341 units sold in December 2003. January’s slower pace comes after several back-to-back record-breaking years for the resale market. Last year’s existing-home sales were 16 percent higher than sales reported in 2002, and that year’s sales were 8 percent higher than sales posted in 2001.

Home sales are expected to remain strong in 2004 with the help of continued low mortgage interest rates and a growing economy.

North Carolina Association of Realtors is a state trade association with more than 29,000 members.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide 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.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
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