Prices Up. Sales Down.

Following national trends, home prices for Q2 in the Wilmington area are up compared to last year while overall sales are down. In New Hanover County, 1152 homes sold between April 1 - June 30, down 23% from 2006.

Nationally home sales slid 10.8 percent; North Carolina as a whole slid just 4.5%, according to a NAR report released Wednesday. The biggest drop in sales was in Florida (41.3%) followed by Nevada (37.5%).

The median sales price in Wilmington is up 6% from Q2 2006, and the numbers are as follows:

Nationwide, 97 out of 149 metropolitan areas showed year-over-year increases in median existing single-family home prices, including nine areas with double-digit annual gains; 50 had price declines; and two were unchanged.

For specific data based on zip code, please check out the reports here.