Charlotte real estate market continues positive trend

Credit: AP

FILE - In this July 24, 2009 file photo, a pending home sale in Palo Alto, Calif., is shown. Home resales are expected to show a 2.5 percent increase in November, as the housing market received a lift from buyers aiming to close their sales before the original expiration date of a tax credit for first-time homebuyers. Now that the deadline has been extended until April 30, sales are expected to drop significantly during the winter months. (AP Photo/Paul Sakuma, file)

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by NewsChannel 36 Staff

WCNC.com

Posted on April 11, 2012 at 10:56 AM

Updated Wednesday, Apr 11 at 4:41 PM

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.

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