Report: Charlotte real estate sales up 2 percent from last year

Updated:

CHARLOTTE, N.C. —

Real estate sales have increased in the Charlotte area since last April.

According to Carolina Multiple Listing Services the sales have increased more than 2 percent in the last year.

The average sales price has also increased at about 2 percent from the previous year, while the average list price increased by nine percent.  

“Prices in our market continue to be pressured by persistently low inventory.  These factors, along with tighter credit standards, probably impacted sales in April, although we still saw an increase compared to last year," said President of Carolina MLS Joe Rempson.

Homes in Charlotte stay on the market for an average 100 days according to Carolina MLS. During the month of April foreclosures and short sales accounted for almost 8 percent of the total sales,.

This comes on the heels of the revaluation controversy in Charlotte. For more information on the revaluation process, click here.

To find out more about residential housing market statistics in the Charlotte area click here.