Existing-home sales in the Forsyth Co. rose in May over April

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WINSTON-SALEM, N.C. — Sales of existing homes in the Forsyth County area rose 25.7 percent in May compared with April, the Winston-Salem Regional Association of Realtors reported Thursday.

The number of homes sold in May was 523, up from 416 in April. Home sales rose 7.4 percent in May 2012 compared with 487 in May 2011.

“We are certainly pleased that the greater Winston-Salem region and its members continue to see a strengthening market with 12 consecutive months of improvement,” said Glenn Cobb, the chief staff executive of the Winston-Salem Regional Association of Realtors. “Perhaps the most important statistic for us to point out is that of the 523 homes sold in May, 311 of them sold within a 90-day period.”

The average sales price rose 5.2 percent to $153,600 in May from $146,058 in April 2012, and fell 8.6 percent from $168,035 in May 2011.

Leonard Ryden Burr Real Estate is expecting 2012 to be its best sales volume year in the company’s eight-year history, said its president, Greg White.

This article was written by Fran Daniel and originally published by The Winston-Salem Journal. Click here to read the full story.