Single family sales were essentially flat during the second quarter when compared to the 2nd quarter of 2013. While the number of sales was down a modest 1%, volume was up 1.8%. Although the median price declined 5%, the average sale price rose 2.8%. Winter weather, short sales, and the continued abundance of REOs in the market contributed to the lackluster results.
Results for other property types were mixed. To view the statistics for condos, land, mobile homes, multi-family, commercial, and single family data by county go to the Market Statistics link on the Learn page at easternctrealtors.com, or link to the page directly at http://www.easternctrealtors.com/assets/files/Statistic%20Comparisons/2014-2013secondquartercomparison.pdf