Monday, August 9, 2010

N.C. home sales rise 17% from a year ago Charlotte Business Journal

The number of existing-home sales in North Carolina increased 17 percent last month, marking the fourth consecutive month of double-digit gains from a year earlier.

Buyers snapped up 9,505 houses across the state in June, up from 8,155 in June 2009, according to the Greensboro-based N.C. Association of Realtors.

Real estate agents attribute the increase to low mortgage rates and the first-time home-buyer tax credit; buyers who qualified for the credit have until Sept. 30 to close on their purchases.

As previously reported, the number of home closings in the Charlotte area totaled 2,324 in June, according to the Charlotte Regional Realtor Association. That was up 14.8 percent from the 2,024 home sold in June 2009. However, last month’s closings dropped 8.4 percent from May’s total of 2,537.

The average local sales price last month was $215,559, down 1.4 percent from June 2009’s average sales price of $218,728. The average sales price in May was $212,454.

The Charlotte association says pending local contracts in June totaled 1,880, down 13.2 percent from a year earlier and down 8.7 percent from May.

The organization bases its figures on homes marketed through its Carolina Multiple Listing

Read more: N.C. home sales rise 17% from a year ago - Charlotte Business Journal

Charlotte NC Real Estate continues to be in demand. Investors are sitting on the side lines waiting for the next best buy….

Rich Ferretti, is a Charlotte NC Real Estate and Charlotte NC Homes for sale specialist.

Relocating to Mint Hill NC and Matthews NC, call or email me for the latest home pricing.

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