Industry News

North Carolina real estate sees slowing

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Existing-home sales in North Carolina cooled for the third straight month in November while the average home price inched higher, according to statistics provided by the North Carolina Association of Realtors. There were 10,073 home sales recorded last month, off 4 percent from a year ago when 10,453 homes sold. However, year-to-date sales are 4 percent ahead of the same period last year. The statewide average sales price gained 1 percent to $217,615 in November from $214,718 a year ago, and was up from $213,599 in October. The brunt of the real estate slowdown is occurring along the coast, according to NCAR, where sales in November were down considerably from their year-ago levels. Sales in Brunswick County tumbled 50 percent from last year to 108, while the area's average home price dropped 6 percent to $283,548. In the Outer Banks, sales were down 34 percent from last year to 81, and the average home price lost 4 percent to $506,294. ...