June Home Sales in Triangle Increase 6% over 2006 Total

Posted July 26, 2007 4:16 p.m. EDT
Updated July 26, 2007 4:19 p.m. EDT

— Sales of new and existing homes in the Triangle increased 9 percent in June from May, countering a statewide wave of lower sales, according to the North Carolina Association of REALTORS.

The group reported 4,202 homes sold in June, up sharply from the 3,655 sold in May as the Triangle market continued to buck state and national home selling trends. The June total also represented a 2 percent increase over sales in June of 2006.

However, the average sales price of $242,594 was virtually unchanged from $241,727 a year ago.

Across North Carolina, sales in June declined 1 percent from June of 2006 to 12,675.

A much bigger dip came in the average sales price, however, reflecting the softening of demand in the housing market. New and existing homes sold for $232,589, or 13 percent under the 2006 average.

Pinehurst and Rocky Mount reported increases in sales in June from May at 6 percent and 2 percent respectively.

For complete statistics by market, see the REALTORS Web site link.