July 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: Reports show an increase of 26% for units sold during July year over year. The median sales price was $ 127,500. The average days on market increased slightly to 107 days, which is a 4% increase from 2012. With the significant increase in sales activity, active listings inventory has dropped 11% from 2012.

Greensboro: Reports show an increase of 27% for units sold during July year over year and the median sales price was at $155,000.  The average days on market continue to decrease significantly; down to 82 days, which is a 21% decrease from 2012.

Triangle Area:  Reports show an increase of 36% for units sold during July year over year. The median sales price was about $202,000. The average days on market decreased 19% to 88 days. With the significant increase in sales activity, active listings inventory has dropped 39% from 2012.

Charlotte: Reports show an increase of 11% for units sold during July year over year and the median sales price was $196,800.  The average days on market continue to decrease significantly, down to 70 days, which is a 31% decrease from 2012. This shows a positive trend in the local inventory absorption rates.

 

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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