Industry News

East Coast real estate sales gap widens

North Carolina pulls ahead of Bay State in latest report

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Home sales in North Carolina posted double-digit growth for the 13th straight month in January, while sales in Massachusetts reported their weakest January in 10 years, according to Realtor associations in both states. Existing-home sales in North Carolina totaled 8,399 in January, showing a 13 percent increase from sales recorded a year earlier, according to statistics compiled by the North Carolina Association of Realtors. The state's average existing-home sales price was up 4 percent to $206,788. Areas of North Carolina with the strongest sales growth include Brevard (141 percent), Goldsboro (59 percent), the Triad (41 percent), Jacksonville (39 percent) and Greenville (38 percent). Additionally, several areas of the state experienced high levels of price appreciation including the Triad and Asheville at 20 percent, Fayetteville at 19 percent and Goldsboro at 18 percent. In Massachusetts, the once-red-hot housing market showed further signs of returning to normal in January as sal...