August Real Estate Market Update

The Prudential Carolinas Realty family of companies has released information about real estate markets in several NC areas. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Winston-Salem: The averages for the month of August show that the local real estate market has been maintaining its course. Reports show an increase of 18% for units sold during August year over year. The median sales price was $ 129,900. The average days on market are down to 107 days which is a 13% decrease from 2012.

Greensboro: Reports show an increase of 29% for units sold during August year over year and the median sales price was at $150,500.  The average days on market continue to decrease, down to 93 days, which is a 2% decrease from 2012.

Triangle Area: Reports show an increase of 21% for units sold during August year over year. The median sales price was about $209,000. The average days on market decreased 23% to 88 days. With the significant increase in sales activity, active listings inventory has dropped 37% from 2012 and 4% from July.

Charlotte: Reports show an increase of 3% for units sold during August year over year and the median sales price was $190,500.  The average days on market continue to decrease, down to 74 days, which is a 17% decrease from 2012.

To find out more about your local real estate market, watch our 60-second market videos at : http://www.prucarolinas.com/marketvideos.aspx

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