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Charlotte home sales up 24.9% from March 2012

Sales of existing homes in the Charlotte region jumped 24.9 percent in March from the same month a year ago, while the average sales price rose 10.3 percent, the Charlotte Regional Realtor Association said Tuesday.

Sales of existing homes in the Charlotte region jumped 24.9 percent in March from the same month a year ago, while the average sales price rose 10.3 percent over the period, the Charlotte Regional Realtor Association said Tuesday.

It was the 21st consecutive month of year-over-year increases in sales and the 14th consecutive month of year-over-year increases in average prices for the 17-county area tracked by the CRRA.

For the month, there were 2,621 sales in the region, compared with 2,098 in March 2012. The average selling price rose to $216,445 from $196,214.

In Mecklenburg County, increases in sales and prices surpassed those for the metro area. There were 1,227 sales in the county in March – up 29.3 percent from 949 in the same month last year. The county’s average sales price rose 10.8 percent to $236,184 from $213,234.

Homes continue to sell quicker in the Charlotte region. Days on the market – a measure of the time it takes a home to sell – fell to 112 in March from 120 the same month last year.

The CRRA tracks existing homes, not newly built ones.

Roberts: 704-358-5248 Twitter: @DeonERoberts
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