Recent Report shows that the Charlotte NC Real Estate Market is showing signs of improvement. The Good news……foreclosures are down, and more homes are being sold. On the down side, home prices continue to remain flat.
According to the Charlotte Regional Realtor Association, the number of foreclosures in Charlotte is down 75 percent from its peak in August of 2010 when there were nearly 2,300 foreclosures listings in the area based on data from Carolina Multiple Listing Services Inc. CRRA saw a 56 percent drop in year-over-year foreclosure listings.
Meanwhile, more homes were sold in November compared to the same month in 2010. CRRA reports an 8.7 percent increase in home closings.
The average sales price in November was down 10 percent compared to a year earlier. The average sales price of a home in Charlotte last month was $192,472.