Charlotte Home Sales, Prices Up in September

Charlotte Home Sales, Prices Up in SeptemberTotal home sales and average sales prices were higher in September in the Charlotte area, compared with a year earlier, Charlotte Regional Realtor Association reported Tuesday. The association also said homes spent less time on the market compared to a year ago.

Closings totaled 2,244 around the region in September, up 14 percent from September 2011, when closings totaled 1,968, according to Carolina Multiple Listing Services Inc. data.

The average sales price in September 2012 was $206,051, up 4.8 percent compared to the same period last year, when it was $196,649. The median sales price ($160,000) — the best measure of trends over a period of time — showed prices up 6.7 percent compared to September 2011 when the median sales price was $149,900. It marked the eighth straight month for year-over-year price increases, the association said in a press release.

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