Shack's Corner

In the latest Eastern North Carolina Home Sales Index, pending sales, a key indicator of sales that will take place over the next 30-45 days, rose significantly for the second consecutive month following two months of sharply falling pending sales.  The number of pending sales at the beginning of March was 1,689 as compared to the beginning of February, which was at 1,408.  This represents 20% increase over the previous month and a 42% increase over the number of pending sales at the beginning of January, which totaled only 1,189. 

Each of the eleven markets included in the ENCHSI saw pending sales rise this month.  The range from county to county was from an increase of less than 5% in Carteret County and the Northeastern Counties to a increase of 29.1% in Onslow County. 

The Eastern North Carolina Home Sales Index includes the following counties:  Beaufort, Carteret, Craven, Lenoir, Nash, the Northeastern Counties, (Camden, Chowan, Pasquotank, and Perquimans) Onslow, the Outer Banks, (Dare and Currituck) Pitt, Wayne, and Wilson.