Area Home Sales Remain Strong

Home sales in the Wilmington NC area rose for the third month in July. The total for July was 435 in comparison to 416 for June. The average sales price was $274,832 versus June at $256,616 and July 2008 was $246,437.

Lenders are still remaining very strict for many home buyers in the area. Large down payments are required in some cases. But, the $8000 tax credit is giving a boost to first time home buyers. Home builders are asking Congress to extend the credit for another year and to include more home buyers.

If you are thinking about purchasing a home in the area, please do not hesitate to give us a call or email at kay@cbbaker.com. You can also search by price, map, schools, size, zip code, city and more right on my website at www.cbbaker.com.