Residential real estate closings in Lake Norman were 10 percent higher than September a year ago, according to Creigh Hill with Southern Homes of the Carolinas, president and owner of Southern Homes of the Carolinas, based in Cornelius. New contracts rose 23 percent, while new listings fell 13.6 percent with a total 41 percent decrease in inventory. All in all, it's heartening news for sellers, she said. The only dip to report was in the median sales price. "We'd seen a couple of months of rising median sales prices, so September's decrease of 7 percent from September of last year was disappointing but understandable, as there are still many short sales and foreclosures working their way out of the market," Creigh Hill said.
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