Industry News

Real estate sales sizzle in North Carolina

Home-price appreciation maintains modest growth

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For the sixth straight month, June existing-home sales in North Carolina posted double-digit growth, marking record activity for the first half of the year, according to statistics compiled by the North Carolina Association of Realtors. Realtors reported 13,298 home sales in June, up 10 percent from the 12,095 sales recorded in June 2004. The average price for an existing home in June was $215,499, a gain of 7 percent from $200,922 reported a year ago. On a year-to-date basis, sales were 15 percent higher than those recorded during the same time period a year ago. Statewide, 60,958 residential units were sold during the first half of 2005, easily surpassing the previous year's record of 52,849, the association reported. Resort communities led the strong sales growth; with Brunswick County posting the largest percentage increase in total sales dollars (59 percent), followed by Haywood County (51 percent), Goldsboro (48 percent) and Wilmington (42 percent). The strongest price appr...