The number of Charlotte-area houses, townhouses and condos sold last month through the Carolina Multiple Listing Services dropped 34.5 percent compared with August 2007, the steepest plunge yet in more than a year of declines.
There were 2,469 homes sold in August, according to the MLS, which accounts for nearly all existing home sales within about a 50-mile radius, and roughly one-fourth of new home sales. Through August, MLS sales were down 28 percent compared with the first eight months of last year.
Never miss a local story.
The average sales price last month fell 4.5 percent, to $230,472, the MLS said Tuesday.
The number of pending sales was down 20.3 percent, a sign weak sales will continue as the nation's historic housing slowdown drags on.
Nationwide, the number of contracts signed in July was down 6.8 percent compared with a year ago, according to the pending home sales index released Tuesday by the National Association of Realtors.