The number of Charlotte-area houses, townhouses and condos sold last month through the Carolina Multiple Listing Services dropped 30 percent last month, falling to at least a six-year low, and prices dipped again.
There were 2,721 houses sold, according to MLS data released today, compared with 3,875 in July 2007. Last month's sales tally also was lower than any July since before 2003. MLS figures account for nearly all existing home sales within about a 50-mile radius and roughly one-fourth of new home sales.
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The average selling price declined nearly 4 percent, to $230,632, marking the eighth consecutive down month.
The number of pending sales was down 28 percent, a sign of weak sales to come as Charlotte and the nation continue struggling with a severe housing slump. The region saw record sales in 2006 and has been in decline since, with the fall-off accelerating this year.