The Winston-Salem Regional Association of Realtors® (WSRAR) reported recently that existing home sales in March of 2013 increased over 37% from March of 2012.  There were 546 existing homes sold by WSRAR members in the greater Forsyth County area in March of 2013, compared to 400 homes sold in March of 2012.  In February of 2013, 386 units were sold.  This marks the 21st month in a row that same month sales have increased from the previous year, an unequaled run in the Triad area.  This is the strongest March in terms of sales since March of 2007 when 655 units were sold.  It is also of interest to note that 546 units sold is the largest single month of home sales since the summer of 2008. 

Kristina Farrell, 2013 President of the WSRAR remarks, “Clearly the housing rebound in our market has continued.  March has broken through to record levels, which should help usher in a very strong spring buying period.  Historically, home sales are at their peak in late April through the end of July.  The only impediment we see to this strong pace of sales continuing is a lack of inventory of homes to sell.”