May '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for may was $199,243. The average sales price was down by 11% over the same period last year.
May sales totaled 1,912 out of approximately 25,429 listings, so it is taking about 13 months for the inventory to turn over. Home sales have picked up slightly due to the new $8,000 federal tax credit available to first-time homebuyers.
Review month-by-month Charlotte home sales prices over the past year and get a real-time market snapshot at http://www.charlotte-home-buyer-alert.blogspot.com/ .
About Julie Tuggle:
Julie Tuggle, Broker/Owner of Carolina Buyer's Agent, has been giving Charlotte NC area buyers the negotiating advantage throughout the home purchase process since 1998. Search the full range of Charlotte real estate including for-sale-by-owner homes, MLS listings, new construction, and foreclosures at www.CarolinaBuyersAgent.com .
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
