- Jen Wilson
- Associate Editor/Online-Charlotte Business Journal
- Email | Twitter | Google+
Home sales in the Charlotte region climbed 8.8 percent in January from a year ago, according to the Charlotte Regional Realtor Association.
The association reported Tuesday thatCarolina Multiple Listing Service figures show 2,359 homes were sold in the region last month, up from 2,169 sold in January 2014.
However, sales activity in the market was slower last month than in December, whenlocal home sales jumped 15.7 percent from a year earlier.
And on a month-to-month basis, home sales were down 22.7 percent in January from December.
The average sales price last month was $223,505, rising 3 percent from a year earlier, while the median sales price was $175,000, an increase of 4.4 percent.
Pending sales for the month totaled 3,266, soaring 31.8 percent from a year earlier.
"Demand for homes across the region continues to be strong; however, inventory remains challenged," said Maren Brisson-Kuester, 2015 president of the association and CarolinaMLS. "With properties experiencing shorter days on market, today's buyers are seeing signs of a solid seller's market which will probably persist through spring."
The Charlotte market's housing inventory declined 5.3 percent in January from a year earlier, leaving the region with a four-month supply of homes for sale. A housing supply of six months is generally considered a balanced market between buyers and sellers.
On average, homes sold last month had been listed 141 days and fetched 93.6 percent of the original list price.
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