G4 Realty

CHARLOTTE, –N.C. – CRRA reports on the residential real estate market in this region.  The number of closings for October 2008 was 1,848, which is a 30.6 percent decrease from October 2007.  The average sales price for October 2008 was $216,777, which is a decrease of less than one percent when compared to October 2007.  The average listing price for solds in October ($237,436) increased 4 percent over last year’s average list price of $228,082.