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East Carolina University economist Jim Kleckley

East Carolina University economist Jim Kleckley

Local home sales on the rise

“The fact that we’re adding to the overall inventory suggests that the area is growing and demand is increasing relative to supply, both very positive indicators.”

Jim Kleckley
ECU College of Business

By Michael Abramowitz

The Daily Reflector

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Home sales and planned residential construction in Pitt County and Greenville grew in the last year, a local economist said this week.

In October, sales grew by 35.8 percent in Pitt County and nearly 104 percent, Greenville, over the same month last year, signaling a rise in consumer confidence in the steadily growing economy, said economist Jim Kleckley, director of the Bureau of Business Research at East Carolina University’s College of Business.

There were 144 units sold in the county in October, with an average value of $139,773, compared with October 2011, when 106 homes were sold, at an average value of $144,872, according to statistics released this week by the N.C. Association of Realtors and the U.S. Census Bureau.

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Bless your heart
Bless your heart