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Charlotte home sales, prices up in June

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

There were 2,657 closings in June, up 14 percent from 2,330 in June 2011, and the average sales price rose to $227,924, an increase of 5.3 percent from $216,389.

In a press release, CRRA President Jennifer Frontera said the association has seen five months of increases in sales and prices, indicating “us moving toward recovery in the Charlotte market.”

But, she added, “we still must watch the trends in the second half of the year for a more complete picture.”

Also, from June 2011 to this past June:

• the median sales price rose 9.4 percent to $171,500 from $156,775;

• the average list price fell 1.7 percent to $244,881 from $249,088. As a result, the percentage for which homes sold compared with the original listing price rose to 92.7 from 89.7;

• pending contracts rose 8.9 percent to 2,506 from 2,301;

• new residential listings fell 0.8 percent to 4,109 from 4,143;

• the Carolina Multiple Listing Services area had a 9.3-month supply of homes, down from a 13.1-month supply;

• the average number of days a property was on the market from the time it was listed until it closed was 139, down from 152;

• the percentage of distressed listings fell to 11.4 from 14.7; and

• the percentage of distressed sales fell to 14.2 from 30.6.


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