The number of home sales recorded by the Charlotte Regional Realtor Association rose 8.7 percent in November when compared to November 2010, the group reported today.
But on a month-to-month basis, the 1,686 closings in November were down 10.4 percent from the 1,882 in October.
November’s average sale price of $192,472 was down 10.3 percent from $214,554 in November 2010. But it was almost even with the October average price of $194,739.
Average listing prices fell 2.5 percent over the past 12 months. This past November’s average listing price was $227,412, while the November 2010 figure was $233,330. November’s average listing price was almost unchanged from October’s $228,456, which was a decrease of only 0.5 percent.
According to the CRRA, the share of lender-mediated sales in November was 18.8 percent, down from 30 percent in November 2010. Foreclosure inventory has dropped significantly — down 56.4 percent — since the highest levels in August 2010, when there were almost 2,300 active foreclosure listings.