Not quite soaring ...
The number of existing homes sold in the Triad fell 20 percent last month, compared to a year before. And the area's home sales remain down by about 5 percent, year-to-date, even as the state Realtors group claims stats for metro areas are soaring.
To be fair, things look OK in the Triangle, where the number of homes sold was up 8 percent last month compared to May 2006. But the N.C. Association of Realtors wrap data for new home sales into their figures for the Triangle, so it's sort of hard to tell what's really going on there.
Regardless, the Realtors said in a news release today that the Triangle area has been posting double-digit growth, and nearby Wilson has seen an 8 percent rise in total sales dollars for 2007. The Charlotte area, they said, has held steady with about 5 percent growth and price appreciation of 7 percent.
Then there's the Triad - which, according to my quick calculations, has seen existing home sales fall about 5 percent this year, compared to the first five months of 2006. Total sales dollars here for the year are down a little less than one percent.
That isn't too shabby, but it's not quite soaring, either.
Anyway, check out the local breakdown after the jump ...
* Number of existing homes sold in the Triad last month: 1,418
* Number of existing homes sold here in April: 1,439
* Number of existing homes sold here in May 2006: 1,771
* Average cost of a Triad existing home: $184,159
* Price appreciation here compared to May 2006: 5 percent
* Total Triad sales dollars for May: More than $2.7 million (down 13 percent from May '06)
* Total sales dollars for April: Nearly $2.6 million