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Charlotte-area real estate sales fall 14.8 percent

Residential real estate closings dropped 14.8 percent in September compared with a year ago, the Charlotte Regional Realtor Association said today.

Closings dropped to 1,658 from 1,945, 2.7 percent lower than the 1,704 closings in August.

The average sales price for September was $203,799, up 3.6 percent from the September 2009 average sales price of $196,760 but down 9.5 percent from the August 2010 average sales price of $225,156.

The average listing price of homes sold in September was $231,678, up 5.3 percent from the September 2009 average listing price of $219,925 and down 8.9 percent over August’s average listing price of $254,239.

The residential pending contracts figure for September was down 24.6 percent to 1,658 from 2,199 in September 2009 and was down 4.9 percent over August when pending contracts totaled 1,743.

New residential listings in September 2010 totaled 4,043.

The average number of days a property was on the market from the time it was listed until it closed was 146.9 — 4.5 days fewer than last month. The average number of days a property was on the market, excluding the days the property was off the market or pending, was 112.2 days, or 5.5 days fewer than last month.

Tara Ramsey can be reached at tara.ramsey@mecktimes.com.

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