In a surprising turn of events, the North Carolina real estate market has experienced a major boom with record-breaking sales and soaring prices in the month of February 2026. According to data from the North Carolina Association of Realtors, home sales in the state have increased by a staggering 15% compared to the same time last year, marking the highest number of sales in the state's history.The rise in sales can be attributed to a combination of factors, including low mortgage rates, a strong economy, and a high demand for housing in the state. With more people looking to relocate to North Carolina for its affordable cost of living, booming job market, and picturesque landscapes, the demand for homes has never been higher.In addition to the increase in sales, the average home price in North Carolina has also seen a significant uptick, reaching an all-time high of $350,000. This represents a 10% increase from the previous year, making it more challenging for first-time home buyers to enter the market.Cities such as Raleigh, Charlotte, and Asheville have experienced the highest increase in home prices, with bidding wars becoming a common occurrence as buyers compete for limited inventory. Realtors in these cities have reported receiving multiple offers on properties within hours of listing, further driving up prices in an already competitive market.Despite the challenges faced by buyers, sellers are reaping the benefits of the booming market, with many homeowners seeing substantial returns on their investments. With homes selling quickly and at top dollar, sellers have the opportunity to capitalize on the current market conditions and make a significant profit.As the real estate market in North Carolina continues to thrive, industry experts are optimistic about the future of the state's housing market. With low inventory levels and high demand expected to persist, it appears that the momentum of the market will carry on well into the foreseeable future. Buyers and sellers alike are advised to act quickly and strategically in order to navigate the competitive landscape and secure their desired outcomes in this red-hot market.