CHARLOTTE, N.C. – Home sales across the 16-county Charlotte region continued their positive run, rising 6.8 percent year-over-year with 2,835 homes sold during the month of January, according to data from Canopy MLS. Sales in January, though positive, were not nearly as strong as the previous month, declining 28.1 percent compared to December 2019.
Pending sales counts, which were up 26.7 percent year-over-year, show solid buyer demand for homes within the region.
Compared to December, pending sales were up 48.9 percent. Pending sales are a forward-looking indicator and good predictor of future sales.
Prices continued to rise due to increasingly tight inventory across the region. The average list price rose 5.0 percent year-over-year to $339,845, compared with $323,714 in January 2019. Both the average sales price ($297,821) and median sales price ($252,000) rose 10.4 percent year-over-year. However, compared to December, both price indices were down 3.9 and 5.1 percent, respectively. The list price to sales price measure for January 2019 was Continue reading…