Charlotte Regional Realtor Association: Charlotte-area home sales, prices rose in April
Published: May 9, 2012
Time posted: 12:25 pm
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.