The Charlotte area had the smallest decline in home prices in the four months that ended at the start of May compared with the previous three months, making it No. 1 among the highest-performing major U.S. markets, Truckee, Calif.-based Clear Capital said.
The Charlotte area, which includes Gastonia and Concord, had a 1.4 percent drop in prices.
Washington, D.C., and Arlington and Alexandria, Va., were behind Charlotte with a 1.6 percent decline.
Over the year, the Charlotte area had a 5.1 percent decline in home prices.