North Carolina Triad Region Shows Strong Growth
North Carolina’s Triad region (click on map to right to see full region) is going against t he national trend by showing a 7 percent increase in housing sales since the same period last year. As another example that all real estate is local, the region is showing strong growth while many parts of the country are seeing sales declines.
According to statistics compiled by the North Carolina Association of Realtors, 14,959 residential units were sold in June throughout the state. Sales for the month totaled $3.4 billion, with the average existing home sales price up 5 percent to $227,403.
In the Triangle, 3,935 existing homes were sold during the month of June compared to 3,686 sales in June 2005 and 3,388 sales in May 2006, according to the Triangle Multiple Listing Service. The average sales price in June was $241,727, and total sales in the Triangle topped $951 million.
Nationally, total existing home sales declined 1.3 percent to 6.6 million units in June from 6.7 million units in May. June’s sales were 8.9 percent below the 7.27 million-unit pace in June 2005.
Home sales rise in Triangle, state – Triangle Business Journal:.
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