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Charlotte home sales rise 8.7 percent in November

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.

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