Real estate market improvement
The Charlotte housing market improved in September compared to a year ago, according to the Charlotte Regional Realtor Association.“The Charlotte housing market is steadily improving with consistent gains in both closed sales and pricing,” said Jennifer Frontera, president of the Association/Carolina Multiple Listing Services Inc.
There were 2,244 closings in September 2012, an increase of 14 percent over the same period in 2011. The average sales price was up 4.8 percent, to $206,051.
New residential listings dropped 3.5 percent. to a total of 3,290.
Distressed sales (foreclosures and short sales) were 12 percent of those new listings, compared to 16.5 percent last year.
For more residential-housing market statistics, go to the “Community Data” tab of www.carolinahome.com.