Report: Area home prices continue to rise

WILMINGTON, NC (WWAY) — Real estate in the Wilmington area and much of the country continues to be a seller’s market.

CoreLogic reports its data show home prices in Wilmington were up 4.2 percent in June compared to the same month last year. Prices also rose 0.5 percent in June compared to May of this year.

The Wilmington number, which includes homes sold in New Hanover and Pender counties, is slightly behind the statewide increase of 4.3 percent for the sale price of single-family homes in June compared to June 2015. Across the country, CoreLogic says, home prices jumped 5.7 percent over the 12-month period and were up 1.1 percent from May to June.

CoreLogic forecasts continued growth. The company predicts a 5.3 percent increase from June 2016 to June 2017.