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Charlotte home sales up 3.7 percent, but average price down 6.2 percent

Charlotte metropolitan area home sales rose 3.7 percent in January from the same month a year ago, but the average sales price fell 6.2 percent, the Charlotte Regional Realtor Association said today.

There were 1,414 closings last month compared with 1,363 in January 2010. Closings were down 25 percent from December, when there were 1,885.

The average sales price was $188,147, down 6.2 percent from January 2010 when it was $200,592. Last month’s average sales price also was down 3 percent from $193,910 in December.

The average listing price in January was $217,809, down 5 percent from $229,214 in January 2010 and down 1.1 percent from $220,130 in December.

There were 1,419 pending residential contracts in January, down 22.6 percent from 1,833 in January 2010. That’s also 4.1 percent lower than December, when there were 1,479.

There were 4,006 new residential listings in January.

For the month, the average number of days a property was on the market, from the time it was listed until it closed, was 159.7.  The average number of days a property was on the market, excluding the days the property was off the market or pending, was 116.7 days.

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