Charlotte home price gains my lead to moore home inspections

Charlotte area home sales had a third month of double-digit sales gains in December and prices strengthened more, although the gains were not enough to boost results for the full year.

The average price last month was over $211,000 was up over 5 percent over December 2008, according to results released this afternoon by the Charlotte Regional Realtor Association. That's a stronger showing than November's modest 1 percent gain – the first yearly price gain in two years – for transactions to the Association's Carolina Multiple Listing Services.

The number of homes, condos and townhouses sold last month rose 13 percent from a year ago during the lowest part of the slump.

For the year, sales were down 18 percent and the average price fell nearly 9 percent, to $201,389, slightly above the 2004 level, according to Observer analysis of the association data.

Submitted by GeraldGoforth on Wed, 01/27/2010 - 13:55.

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