| North Carolina Real Estate Summary
North Carolina real estate continues to grow in price. The economy is stable, with new jobs being added in the textile and agriculture industries. Tourism is also a big industry in the state, making North Carolina relocations popular. The coastal regions and golf course resort areas draw in large numbers of retirees and baby boomers.
Raleigh and Charlotte real estate are the hottest markets around. Subdivisions are being built to keep up with the population growth. Houses in Raleigh are on the market for 60-90 days with an average sales price of $225,000. Charlotte houses have an average sale price of $350,000 and sell in only 10-20 days. There is an reasonable amount of homes in all of the price levels.
The western portion of the state is seeing a cooling trend in housing. The market is even with buyers and sellers, and houses are staying on the market for 60 days and longer. North Carolina homes sell for an average of $175,000. The military bases in North Carolina also draw many families in, but their turnover rate is high as the housing is usually only temporary.
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