The National Association of REALTORS has released the 4th Quarter stats on state-by-state existing-home sales and metropolitan area median home prices.
The report shows a positive upturn in the median sales price for the Greensboro-High Point area with a +1.7% yearly change.
How did our North Carolina neighbors fare:
Raleigh-Cary Area +0.5%
Charlotte-Concord Area -0.1%
Washington, DC, February 10, 2011
“Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according to the latest survey by the National Association of REALTORS®.
Total state existing-home sales, including single-family and condo, jumped 15.4 percent to a seasonally adjusted annual rate1 of 4.80 million in the fourth quarter from 4.16 million in the third quarter, but were 19.5 percent below a surge to an unsustainable cyclical peak of 5.97 million in the fourth quarter of 2009, which was driven by the initial deadline for the first-time buyer tax credit.
In the fourth quarter, the median existing single-family home price rose in 78 out of 152 metropolitan statistical areas2 (MSAs) from the fourth quarter of 2009, including 10 with double-digit increases; three were unchanged and 71 areas had price declines. In the fourth quarter of 2009 a total of 67 MSAs experienced annual price gains”…. Read The Full Article and Analysis on REALTOR.org