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Charlotte-area home sales, prices rise

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

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; and

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

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