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Home Sales Dip Across Triangle, But Prices Increase 2%

Posted December 27, 2006

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— Sales of existing and new homes across the Triangle in November fell by 1 percent when compared to 2005, according to the North Carolina Association of REALTORS.

However, in a bit of good news, the average sale price increased 2 percent over 2005 to an average closing price of $228,241.

Across North Carolina, existing home sales were off 4 percent from November of 2005, the NCAR reported. The average sales price increased 1 percent to $217.615 from a year ago.

Through November, however, statewide sales were up 4 percent from 2005.

In the Triangle, 2,556 homes were sold in November compared to 2,590 in 2005. The November 2006 total was nearly 400 under the 2,953 homes sold in the preceding month.

Across the region, home sales in November increased 19 percent in Fayetteville to 390 and increased 3 percent in Goldsboro to 116. However, sales dropped 12 percent in Rocky Mount to 92 and 26 percent in Pinehurst to 103.
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