Industry News

North Carolina defies East Coast real estate trend

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Home sales in North Carolina during October posted strong growth from a year ago, while sales slowed across Virginia and Massachusetts for the second consecutive month, according to Realtor associations in those states. North Carolina existing-home sales posted double-digit growth in October, with two regions (Brunswick County and Haywood County) showing an increase of more than four times the average for the state, according to statistics compiled by the North Carolina Association of Realtors. Realtors reported 11,172 home sales in October, an increase of 11 percent over sales posted in October 2004. More than 110,800 units have been sold on a year-to-date basis, an increase of 15 percent from year-to-date sales posted during the first 10 months of 2004. Mountain and coastal regions lead the state in positive growth with Brunswick County (64 percent), Haywood County (47 percent), Goldsboro (41 percent), and Jacksonville (40 percent) posting the strongest year-to-date increase in to...