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Charlotte Area Real Estate News. Homes for Sale
Charlotte Home Sales decline in October 07

The number of houses sold in the Charlotte area fell 23 percent last month, and the average closing price also declined, according to the Carolina Multiple Listing Services Inc.

The number of closings dropped to 2,662 last month from 3,471 in the year-ago period.

The average residential closing price decreased to $217,504 in October from $219,268 in the year-ago period.

The average number of days homes were on the market was 124 last month. Nearly 50 percent sold in 90 days or less.

The housing data covers homes that have existed for at least a year and some newly constructed residences in Mecklenburg, Union, Iredell, Lincoln, Cabarrus, Gaston and Stanly counties.

Published Wednesday, November 14, 2007 5:14 PM by Angie Adams NC/SC REALTOR® Broker

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