Industry News

North Carolina posts record real estate year

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Sales of existing homes in North Carolina were 13 percent higher in December than sales recorded a year earlier, capping off a record-breaking year of double-digit growth for 12 straight months, the North Carolina Association of Realtors reported. According to statistics compiled by NCAR, December sales totaled 10,459, up from 9,246 in December 2004. For the year, 131,603 residential units were sold on an adjusted basis, surpassing the previous year's figures by 15 percent. The average sales price of an existing home was $214,536 in December, up 9 percent from $197,194 a year ago. For the year, the average price was $209,810, up 8 percent from the previous year's average of $193,929. Resort communities led the strong sales growth; with Brunswick County posting the largest percentage increase in total sales dollars (61 percent), followed by Goldsboro, Haywood, Jacksonville, Hendersonville and Wilmington. The strongest price appreciation was along the coast, with Carteret County showi...