Quantcast
Home / News / Construction and Real Estate / Charlotte housing market sees decline in distressed-property activity

Charlotte housing market sees decline in distressed-property activity

June brought a decline in active listings of distressed, or lender-mediated, homes.

The Charlotte Regional Realtor Association said today that such listings have fallen to around June 2009 levels.

The share of new distressed-property listings decreased from 23.1 percent in June 2010 to 16.1 percent in June 2011.

The share of closed sales that were lender-mediated remains relatively unchanged at 31 percent, “an indication that bank-mediated homes are selling faster than they are entering the market,” the CRRA said.

In April, the CRRA began using a new reporting tool to analyze the volume of distressed properties in its multiple listing service.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Scroll To Top
%d bloggers like this: