Milam pointed out in the release that Leland saw sales drop by 1.7 percent to 116 in July.
"These homes sold quickly – 55 days on average – as prices rose 7.7 percent year-over-year to $231.637," the release stated.
Wilmington and Jacksonville were the two busiest major markets in the Cape Fear region, according to the Coldwell Banker report. In Wilmington, 455 homes sold in July, a nearly 18 percent increase over a year ago, as median prices rose about 7 percent to $249,500.
The report stated that a slow July in Hampstead, where only 61 homes were sold, caused Pender County to show a nearly 11 percent decline in July sales compared to last year, while prices dropped 1.8 percent to a median price of $249,900.
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