A more balanced market than last year: The result of an increased demand for homes, though the supply of homes dropped significantly during the last year. April 2012 Real Estate market report for Forsyth County, N.C. and surrounding areas.

A more balanced market than last year: The result of an increased demand for homes, though the supply of homes dropped significantly during the last year. April 2012 Real Estate market report for Forsyth County, N.C. and surrounding areas.

People bought more homes this April, up 8.8 percent when compared to April 2011. Sales in the $100,000 price range continue to be more prevalent in the marketplace. The average sales price in the first four months of 2012 is about $138,600.

The number of closed homes for all residential sales in the past 12 months is up 10.4 percent and closed volume is up 6.1 percent. The average sales price of $153,045 is down 3.9 percent from this time last year.  Closed resale homes are up 15 percent and closed volume is up 11.2 percent.  The average sales price for resale properties has dropped 3.3 percent over the last year.

New construction statistics have remained about the same last month. Fewer newly constructed homes were sold—down 13.8 percent in the past year.