Charlotte-area home sales rise in August, but prices fall
Published: September 7, 2011
Time posted: 4:28 pm
Tags: Charlotte Regional Realtor Association
Charlotte-area home sales rose 25.6 percent in August from the same month last year, although the average sales price dropped 9.2 percent over the same period, the Charlotte Regional Realtor Association reported today.
There were 2,289 closings in August, up from 1,822 the same month last year and up 5.3 percent from July’s 2,173.
August’s average sales price was $205,915, down from $226,716 in August 2010 and down 3.5 percent from $213,371 in July.
In other stats:
• The median sales price in August was $158,000, down 2.5 percent from $162,000 in August 2010 and down 3.5 percent from $163,659 in July.
• The average list price in August was $236,813, up 2.7 percent from $230,481 the same month last year but down 3.7 percent from $245,953 in July.
• The residential pending contracts figure for August was 2,258, an increase of 24.6 percent from 1,812 in August 2010 and an increase of 8 percent from 2,091 in July.
• There were 3,886 new residential listings in August.
• In August, the average number of days a property was listed until it closed was 146, four days faster than in July.
The CRRA tracks activity in Alexander, Anson, Cabarrus, Gaston, Iredell, Lincoln, Mecklenburg, Montgomery, Stanley and Union counties and the city of Kannapolis.