The real estate market in North Carolina is in a pattern that we expect to continue for some time. Sales are slow as a result of very low inventory.  Inventory is creeping up, but still falls far below the demand for housing. Therefore, prices continue to climb.

As long as North Carolina is a growing state, demand for housing will be strong. We need significant increases in housing supply to meet that demand. Local land use regulations stymie development and even where new housing is approved, production takes a long time.