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Charlotte Regional Realtor Association: Home sales up 23 percent in December

CHARLOTTE — Charlotte metropolitan area home sales shot up 23 percent in December from the same month a year ago, and the average sales price increased 7.8 percent over the same period, the Charlotte Regional Realtor Association said Tuesday.

In December, there were 2,339 closings, up from the 1,896 in December 2011. The average sales price in December was $205,537, compared with $190,565 in December 2011.

The CRRA also said that from December 2011 to December 2012:

• The average list price rose to $222,888 from $213,210, an increase of 4.5 percent, bringing the percentage of original list price received to 92.3, up from 90 percent.

• Pending sales totaled 2,150, up 33.5 percent from 1,610 pending sales.

• New residential listings totaled 2,342, a decreased of 1.7 percent from 2,383.

• Inventory fell 27.7 percent, leaving the Charlotte area with a 5.3-month supply of homes for sale.

• The average number of days a property was on the market from the time it was listed until it closed was 156, a decrease of two days.

• Distressed properties accounted for 14.8 percent of new listings, down from 19.8 percent.

• Distressed sales made up 15.6 percent of all closed sales, down from 17.7 percent.

• For foreclosure sales, listing to closing took 59 days on average for single-family homes and 38 days for townhome-condo properties. The average was 167 days for short sales of single-family homes and townhome-condo properties.

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