Industry News

East Coast real estate sales scattered

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Home sales in North Carolina during July posted strong growth from a year ago, while sales slowed across Virginia and Massachusetts, according to Realtor associations in those states. In North Carolina, existing-home sales jumped 12 percent from a year ago, with Realtors reporting 13,674 closed transactions last month, compared with 12,263 in July 2004, according to the North Carolina Association of Realtors. The average existing-home sales price in North Carolina was up 6 percent to $212,600, compared with $200,314 in July 2004. More than 74,600 units have been sold on a year-to-date basis, an increase of 15 percent from year-to-date sales posted during the first seven months of 2004. The average sales price increased 7 percent over the same time period to $205,676. All regions of the state continue to post positive growth, with Brunswick County (65 percent) and Goldsboro (60 percent) posting the strongest year-to-date increase in total sales dollars. The strongest price appreci...