The Breeze in Raleigh Real Estate

The local angle on home sales, which is showing signs of movement!  Particular price points and areas are selling well, ask Louise for the details. 

In the Triangle, which was slower to join the housing downturn, 401 new homes were sold in June, Triangle Multiple Listing Services data show. The total, which includes homes in Durham, Johnston, Orange and Wake counties, was down 38 percent from the same month last year. The average price of a new home dropped 9 percent to $295,500 during the year.

Existing home sales, meanwhile, totaled 1,997 during June, down 14 percent from a year ago. It was the slowest June in a decade, but it was the smallest year-over-year decline in any month since late 2007, hinting at stability. The average price of a re-sold home sold in the four-county area last month was $224,200 -- 7 percent less than the average in 2008.