Charlotte-area home sales and prices continued their climb during December, the Charlotte Regional Realtor Association reported Tuesday.
Sales rose 23.4 percent last month from the previous year, to 2,339. Average sale prices ticked up nearly 8 percent during the same period, to $205,537.
Sellers got more of what they asked for around 92 percent of their listing price, up from 90 percent a year earlier.
Charlottes housing market has shown steady signs of improvement over most of 2012 and could be called the year our local recovery started, said Eric Locher, president of the association and CarolinaMLS. With some of the uncertainty on the federal level temporarily averted, were hopeful these trends will continue through what is generally considered a slower selling season.
The trade association says demand remains strong, illustrated by pending sales, which rose 33 percent from a year ago. Fewer homes are being listed for sale, shrinking supply to 5.3 months worth, the group says. The falling supply is pushing the market closer to a sellers market.
Short sales and foreclosures accounted for nearly 15 percent of new listings, down from nearly 20 percent a year ago. Nearly 16 percent of December sales involved distressed homes, down from nearly 18 percent.
Foreclosures are also selling quickly: within 59 days for single-family homes and 38 days for townhomes and condominiums. Short sales took an average 167 days to complete. The average time a home of any type took to sell was 156 days.
Kerry Singe: (704) 358-5085
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