G4 Realty

CHARLOTTE, N.C. - CRRA reports on the residential real estate market in this region. The number of closings for September 2008 was 2,239, which is a 27 percent decrease from September 2007.  The average sales price for September 2008 was $214,927, which is 9 percent decrease from September 2007.  The average listing price for solds in September was $232,717, a decrease of 5 percent over September 2007’s average list price of $245,782.

Residential contracts reported in September (2,107) decreased by 33 percent over last year when contracts totaled 3,142. New residential listings for September totaled 4,909.  The average days-on-market for September 2008 was 137.7 days, which is an increase (1.6 days) over the previous month.