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Charlotte Regional Realtor Association: Charlotte-area home sales, prices rose in April

Charlotte-area home sales and prices rose in April from the same month a year ago, the Charlotte Regional Realtor Association said today.

There were 2,170 closings in the month, up 15.3 percent from 1,882 in April 2011.

The average sales price increased to $214,779. That’s up 5.6 percent from $203,442 in the same month last year.

The median sales price increased 4.6 percent to $159,995 from $153,000.

Other highlights from the report:

• The average listing price in April was $272,358, up 9.2 percent from $249,500 in the same month last year, bringing the percentage of original list price received to 92, up from 88.9 percent in April 2011;

• There were 2,317 pending contracts, up 7.8 percent over 2,150 in April 2011;

• Inventory was down 18.7 percent from April 2011, leaving the Carolina Multiple Listing Services region with a 9.7-month supply of homes for sale, down from a 13.7-month supply during the same time last year;

• The average number of days a property was on the market from the time it was listed until it closed was 145, a decrease of nine days from 154 in April of last year;

• There were 4,526 new residential listings, an increase of 1.5 percent from 4,460 the same month a year ago;

• Distressed properties constituted 11.3 percent of all new listings, down from 18.7 percent in April 2011; and

• 15.6 percent of all closed sales were distressed, down from 31.5 percent in April 2011.

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