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 after falling for two consecutive months.  The number of pending sales at the beginning of February was 1,408 as compared to the beginning of January, which was at 1,189.  This represents an 18.4% increase over the previous month. 

Nine of the eleven markets included in the ENCHSI saw pending sales rise this month.  The only markets that saw a drop in pending sales were New Hanover and the Outer Banks.  Pending sales in New Hanover County fell less than 1% over the previous month, while the Outer Banks market saw pending sales fall by 10.7%.  The largest percentage increase in pending sales over the previous month was Carteret County, with a 48.1% increase.

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.