Home sales on the rise in the East - Greenville, NC | News | Weather | Sports - WNCT.com

Home sales on the rise in the East

Posted: Updated:

Owning a home has long been a staple of the American dream; but, when the market crashed in 2008, many people stop looking, leaving homeowners, builders, and banks with homes they couldn't sell.

Now, the North Carolina Realtor Association says homes sales are on the rise in eastern North Carolina.

Beaufort, Carteret, and Pitt counties all saw an increase in home sales from in March of 2013, compared to homes sold in March of 2012. Although sales are up, statistics show home prices are down in those respective counties. Beaufort County saw the largest dip in average home price from March 2012, with a $34,000 price drop. On the contrary, Carteret County is the one county in the east where average home prices rose by $24,000.

 Homeowner Carrie Knox, she's says hasn't gotten any offers on her Summerhaven Drive duplex in Greenville; but is encouraged by recent home sales.

Ashley Elks of Elk Construction, say they are not building as many homes, but they are seeing more people looking to buy homes.

"The demand is picking back up and there it's a lot of supply, which is why you're seeing now builders are starting to put back inventory to replace inventory. Banks are starting to free up some money and get it in the hands of the buyer and the consumer," says Elks.

Helping builders sell their homes, the Greenville- Pitt Home Builders Association's annual Parade of Homes; a two-weekend event, where builders open up their homes to the public.

Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.