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N.C. Existing Home Sales for May Post Double Digit Growth

By
Real Estate Broker/Owner with Network Real Estate

N.C. existing home sales posted double digit-growth in May, increasing 15 percent from April and 4 percent from this time last year.  According to statistics compiled by NCAR, 13,308 residential units were sold in May.  Total sales dollars for the month were $2,879,095,941 and the average existing home sales price was up 3 percent to $216,343.  More than 54,400 units have been sold on a year-to-date basis.
http://www.ncrealtors.org/searchpubs/pressreleases/mlsmay06.htm

 

Bubble??????

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