May 29, 2024 11:03 am
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Local News

NC House Prices Increase, But Remain Lower Than National Prices

Credit: iStock

Staff Writer

In June 2023, home prices in the United States decreased by 0.83 percent compared to last year to a median price of $425,177, according to data from Redfin. While the number of homes sold has continued to decrease, with 520,504 homes sold in June this year, compared to 616,407 homes sold in June last year, the 15.8 percent decrease nonetheless marks an uptick in home sales compared to May 2023. 

Here in North Carolina, home prices increased by 3.2 percent compared to last year, with a median selling price of $377,100. The number of homes sold decreased by 16.6 percent compared to last year, as 15,079 homes were sold in June, though it increased from May 2023.  

The full housing report can be found here

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Development pressures, higher taxes threaten to displace Black homeowners in SE Raleigh

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