Thursday, July 9, 2009

Charlotte Home Sales Improving

Source: Charlotte Observer - Latest home sales news … some improvement, By Stella Hopkins July 9, 2009

There is good news in the Charlotte real estate market: In June, he Charlotte-area home sales and prices showed some decent improvement.

In the Charlotte region last month, there were 2,024 houses, townhouses and condos sold, down just a bit less than 26 percent compared with June of 2008, (Charlotte Regional Realtor Assoc.) That was the smallest percentage decline since March of 2008.

June was also the first month since September 2008 with more than 2,000 closings.

The Charlotte area saw its highest average home sales price since August 2008 ($218,728), for MLS transactions. Another good sign: last month's saw the smallest annual decrease since October 2007 in pending sales of 18 percent. (Pending sales are houses under contract but not yet closed). Good news for future sales in Charlotte.

Things are looking up!

Rich Ferretti
Mint Hill & Matthews Realty

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