Triangle home sales jump 43 percent in December
Sales of new and existing homes in the Triangle jumped 43 percent in December over a year ago, but the average price on each sale continues to be depressed, according to data released Wednesday by the North Carolina Association of Realtors.Posted — Updated
Last month, 1,554 homes were sold in the Triangle, compared with 1,089 in December 2008. The average sale price dropped from $236,888 to $222,590 during that period.
Statewide, home sales increased by 19 percent from December 2008. For the year, however, sales were off by 12 percent from 2008 totals.
A federal tax credit for home buyers, which has been extended through April, has been credited for similar jumps in sales nationwide in recent months. First-time buyers can get a credit on their income taxes of up to $8,000, while existing homeowners can qualify for up to a $6,500 credit for buying another house.
The Realtors group said December marked the seventh consecutive month of year-over-year improvements to North Carolina's housing market.
December sales also jumped in the Rocky Mount and Pinehurst markets, up 16 and 27 percent, respectively. But they declined by 9 percent in Fayetteville and 34 percent in Goldsboro.