"The Charlotte market saw 1,397 home sales in February, up 3.6 percent from February 2009. Closings also increased 2.5 percent from January.
The average sales price in February was $191,288, a 4.6 percent increase during the year, according to the Charlotte Regional Realtor Association. The average sales price dropped 4.6 percent from $200,592 in January. The average listing price of homes sold in February rose 5 percent to $216,605 from February 2009.
There were 1,954 pending contracts on residential properties in February, up 14 percent from the same month last year. Pending contracts rose 6.6 percent from January.
“We are pleased that closings, contracts and the average sales price figures are up compared to this time last year,” says Lyn Kessie, president of Charlotte Regional Realtor Association. The association’s figures are derived from activity in its Carolina Multiple Listing Services Inc. “With the spring selling season upon us and the tax credit expiring, we are hopeful this trend will continue. It is critical that distressed properties in the MLS be absorbed so that stabilization can continue to occur in our local market.”
The figures are for homes in Mecklenburg, Union, Iredell, Lincoln, Cabarrus, Gaston, Stanly, Anson, Montgomery and Alexander counties." ~ Source: Charlotte.BizJournals.com
Contact Henderson Properties for more information on homes for sale in Charlotte.
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