Charlotte NC Home Sales Increase 8.3 percent over January 2009
The number of real estate closings in the local region for January 2010 (1,363) increased 8.3 percent over January 2009 when closings totaled 1,258, according to the Charlotte Regional Realtor Association, which reports on the region's residential real estate market using Carolina Multiple Listing Services, Inc. Closings were down 10.7 percent from December 2009, however, the CRRA January 2010 report indicated.
The average sales price for January 2010 ($200,592) increased 6.1 percent compared to last year's average sales price of $189,048. However, January 2010's average sales price decreased slightly, 5.2 percent, over December 2009's average sales price of $211,705.
The average listing price of solds in January 2010, $229,214, increased 9.3 percent over last January's average listing price of $209,711. And although the residential pending contracts reported in January 2010 remain nearly unchanged when compared to January of last year, pending contracts increased 25 percent from December 2009 to January 2010.
CRRA sees this data as definitive good news.
"Pending contracts are seen as a great gauge of future sales," said Lyn Kessie, 2010 association and CMLS president. "Considering that pendings are up 25 percent over December, this could be a sign of increasing demand in our local market." Kessie added that buyers need to be aware that the extended, expanded homebuyer tax credit will expire soon; contracts need to be in place by April 30, 2010 to qualify for either the $8,000 first-time homebuyer credit or $6,500 repeat-buyer credit.
There were 5,571 new residential listings in January 2010. The average number of days a property was on the market from the time it was listed until it closed was 149.1, which is 5.3 days longer than last December 2009.
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Mike Carpino
Mike@LakeAndTown.com
704-301-9264
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