G4 Realty

CHARLOTTE, N.C. – CRRA reports on the residential real estate market in this region based on Carolina Multiple Listing Services, Inc. (CMLS) data.  The number of closings for March 2009 (1,671) rose 24 percent over last month when closings totaled 1,348.  Closings compared to the same period a year ago (2,659) decreased 37.2 percent.  The average sales price for March 2009 ($191,433) increased 4.7 percent over last month ($182,865) but is down 13.2 percent when compared to March 2008 ($220,620).  The average listing price of solds in March 2009 ($216,135) decreased 7.6 percent over  March 2008’s average list price of $233,882 and increased 4.8 percent over last month’s list price ($206,172).