CHARLOTTE, N.C. – The Charlotte real estate market continued to show signs of improvement last month, as more homes were sold and at higher prices compared to 2011 figures.
The number of closings in March was up 10.4 percent compared to a year ago, and the list price of homes in the area increased 7.8 percent. The average list price for a home in Charlotte is $265,741, and more than 2,000 homes were sold last month.
The median sales price also increased to $154,00 compared to $148,728 in March 2011.
Fewer homes were put on the market last month as well.
Overall, there were 4,736 new home listings in March compared to 5,211 in March 2011. Supply is also decreasing, as inventory was down nearly 21 percent compared to a year ago.