Latest North Carolina statistics

NC Existing Home Sales Dip in February

Release date: 03/23/07

(Greensboro, NC) — North Carolina existing home sales dipped by 6 percent for February 2007 when compared to the same time period a year ago. However, when compared to last month, unit sales increased by 7 percent.

According to statistics compiled by the North Carolina Association of REALTORS®, 9,004 units were sold in February. Total sales dollars for the month were $1,925,770,291 and the average existing home sales price was up 10 percent to $213,879.

Areas of the state with the strongest sales growth include Jacksonville (22 percent), Pinehurst (15 percent) and Wilson (15 percent). The largest price appreciation was seen in Jacksonville at 21 percent.

In 2006, many previously hot coastal areas experienced a cooling down in both unit sales and prices. However, in February the Outer Banks seemed to be leveling out, posting a zero percent change in total dollars sold from the same month the previous year.

For detailed information, visit the market statistics area of the NC REALTORS® Web site at www.ncrealtors.org.

All figures are based on information provided by participating Multiple Listing Services as of press time, which include Carolina Multiple Listing Service (Charlotte), Triad Multiple Listing Service and the Triangle Multiple Listing Service. For additional information, contact the MLS or reporting board directly. Media should attribute statistics to the MLS or board for the local area being reported on.

With more than 42,000 members, the North Carolina Association of REALTORS® is the voice of the real estate profession and one of the largest, most influential associations in North Carolina.

Source: NAR