The Greensboro Regional Realtors Association said yesterday that sales of existing, single-family homes in Guilford County increased 28.6% during August, compared with the same time last year.

Monthly figures prepared by Dr. Donald Jud of Jud & Associates for the Association show a total of 450 units sold in Guilford County in August 2013, while 350 were sold in August 2012. It also represents an increase of 1.1% over July of 2013.

The seasonally adjusted average home price in August 2013 was $168,774, a 9.1% increase over August of last year.  Existing home prices during this cycle bottomed out in March 2012, and since that time have gone up 11.6%.

In a statement released Tuesday, 2013 Association President Nancy Radtke said, "Rising mortgage interest rates pushed more buyers to close deals in August."

300x250 Ad

300x250 Ad

Support quality journalism, like the story above, with your gift right now.

Donate