As my post from May 25th points out, real estate sales really are a local phenomenon.  It has been frustrating over the past several years when various news media, etc. painted the real estate market with a VERY broad, black brush. With that in mind, I am encouraged by the data which is compiled from the sold property data collected by the North Carolina Association of REALTORS® (NCAR). This data is collected from the various Multiple Listing Services across the state and is compiled by NCAR.

The June 2010 data indicates that existing home sales enjoyed double-digit gains over year-ago levels for the fourth consecutive month.  The June 2010 sales were up 17% over June 2009 levels.  The prices of existing homes are showing stability, as well, with the statewide average increasing 1% to $212,598.00.

The year to date statistics were equally impressive.  Two of the areas that I happen to serve received special mention.  The Washington-Beaufort County area posted a 56% year to date sales growth increase, which was second best in North Carolina to Brevard County's 59% increase.  Greenville tied for the largest price appreciation in the state with a 6% increase.

What does all of this mean for buyers and sellers in our area?  It means that sellers can list their homes with growing confidence. Buyers can expect good inventory, as well as near historic low mortgage rates.  All but the fence sitters stand to win!  

Check out our homes for sale by clicking HERE.

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