The CFR report was also compiled from the N.C. Regional MLS.
"New listings are posting but not lingering for long," the CFR report stated. "Closed sales totaled 1,322, which is an increase of 11.9% over June 2019."
The price for single-family and townhome/condo properties combined is up 5.9% to $264,563, the report stated. The price range with the strongest sales gain of 40.5% are properties priced $450,000 or more.
According to the report, despite the recent gains in sales and price, months’ supply continues to trend down.
“There is a real resurgence in market activity. Buyers are taking full advantage of the record low mortgage rates and sellers are receiving multiple offers,” said CFR President Tony Harrington in the release. “We continue to gain traction in home sales and selling prices while our inventory is low. The pressure on limited inventory is not a new element seen in our market and is one we continue to monitor closely.”
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