NC: Charlotte Home Sales Slow But Prices Hold Steady

Charlotte, North Carolina Real EstateHome sales in the Charlotte area declined by more than 10 percent in November, but prices remained relatively steady compared with October, Charlotte Regional Realtor Association reported last week.

The association said 1,686 homes were sold in November. That was 8.7 percent more than November 2010 (1,557), but down 10.4 from October, when 1,882 homes sold. The Charlotte Regional Realtor Association tracks residential real estate activity in the region based on Carolina Multiple Listing Services Inc. (CMLS) data.

The average sale price in November was $192,472, down 10.3 percent compared to November 2010 ($214,554). But compared with October’s $194,739, it was down just 1.2 percent. The median sales price in November of $151,700 was 8.1 percent lower than November 2010 ($165,000), and down less than one percent (0.2%) compared to the October’s $151,942.

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