Charlotte Home Sales - Month-By-Month

While home prices in the rest of the country were falling last year, Charlotte NC home prices continued to rise an average of 3-7%. But this year the economic recession has finally caught with the Charlotte housing market and prices have been gradually falling since January of 2008. Track the average home sales prices by month for the past year:

October '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for may was $196,204. The average sales price was down by 10.5% over the same period last year. October sales totaled 2,210 out of approximately 23,914 listings, so it is taking about 11 months for the inventory to turn over. Home sales have picked up due to the new $8,000 federal tax credit available to first-time homebuyers.

August '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for may was $209,245. The average sales price was down by 9.2% over the same period last year. August sales totaled 2,221 out of approximately 24,842 listings, so it is taking about 11 months for the inventory to turn over. Home sales have picked up due to the new $8,000 federal tax credit available to first-time homebuyers.

May '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for may was $199,243. The average sales price was down by 11% over the same period last year. May sales totaled 1,912 out of approximately 25,429 listings, so it is taking about 13 months for the inventory to turn over. Home sales have picked up slightly due to the new $8,000 federal tax credit available to first-time homebuyers.

April '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for April was $201,352. The average sales price was down by 9% over the same period last year. April sales totaled 1,773 out of approximately 25,254 listings, so it is taking about 14 months for the inventory to turn over. Home sales have picked up slightly due to the new $8,000 federal tax credit available to first-time homebuyers.

According to the Charlotte Regional Realtor Association statistics, the average home sales price for March was $191,433. The average sales price was down by 13% over the same period last year. March sales totaled 1,671 out of approximately 25,023 listings, so it is taking about 15 months for the inventory to turn over. Home sales have picked up slightly due to the new $8,000 federal tax credit available to first-time homebuyers.

February '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for February was $182,865. The average sales price was down by 15.5% over the same period last year. February sales totaled 1,348 out of approximately 24,416 listings, so it is taking about 18 months for the inventory to turn over. Homes are taking much longer to sell due to mounting foreclosures taking their toll on the economy.

January '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for January was $189,048. The average sales price was down by 13.5% over the same period last year. January sales totaled 1,258 out of approximately 22,964 listings, so it is taking about 18 months for the inventory to turn over. Homes are taking much longer to sell due to mounting foreclosures taking their toll on the economy.

December '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for December was $200,226. The average sales price was down by .8.3% over the same period last year. December sales totaled 1,350 out of approximately 22,701 listings, so it is taking about 17 months for the inventory to turn over. Homes are taking much longer to sell due to the worsening economic conditions.

October '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for October was $216,777. The average sales price was down by .3% over the same period last year. October sales totaled 1,848 out of approximately 25,561 listings, so it is taking about 14 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

September '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for August was $214,927. The average sales price was down by 9% over the same period last year. August sales totaled 2,239 out of approximately 22,262 listings, so it is taking about 12 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

August '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for August was $230,472. The average sales price was down by 4.5% over the same period last year. August sales totaled 2,469 out of approximately 22,716 listings, so it is taking about 11 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

July '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for July was $230,632. The average sales price was down by 5.8% over the same period last year. July sales totaled 2,721 out of approximately 27,062 listings, so it is taking about 10 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

June '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for June was $233,670. The average sales price was down by 5.8% over the same period last year. June sales totaled 2,734 out of approximately 2,7191 listings, so it is taking about 9 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

April '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for April was $221,497. The average sales price was down by 2.2% over the same period last year. April sales totaled 2,400 out of approximately 26,790 listings, so it is taking about 11 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

March '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for March was $220,620. The average sales price was down by 3.5% over the same period last year. March sales totaled 2,659 out of approximately 26,466 listings, so it is taking about 10 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

February '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for February was $216,292. The average sales price was down by almost 1% over the same period last year. February sales totaled 2,179 out of approximately 24,666 listings, so it is taking almost 11 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

January '08: According to the Charlotte Regional Realtor Association statistics, the average home sales price for January was $218,610. The average sales price was down by 3% over the same period last year. January sales totaled 2,009 out of approximately 23,813 listings, so it is taking almost 12 months for the inventory to turn over. Homes are taking longer to sell due to the sluggish national housing market.

December '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for December was $218,399. The average sales price was down by 3.7% over the same period last year. December sales totaled 2,559 out of approximately 22,098 listings, so it is taking almost 9 months for the inventory to turn over. Homes are taking longer to sell as we move into the middle of winter.

November '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for November was $233,141. The average sales price was up by 6% over the same period last year. October sales totaled 2,447 out of approximately 21,823 listings, so it is taking almost 9 months for the inventory to turn over. Homes are taking longer to sell as we move into the middle of winter.

October '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for October was $217,504. The average sales price was down by 1% over the same period last year. October sales totaled 3,262 out of approximately 23,150 listings, so it is taking almost 9 months for the inventory to turn over.

September '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for September was $236,061. The average sales price was up by 9.2% over the same period last year. September sales totaled 3,067 out of approximately 23,018 listings, so time on the market jumped up to 7.5 indicating a major slowdown going into the winter months.

August '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for August was $241.323. The average sales price was up by 3.9% over the same period last year. August sales totaled 3,769 out of approximately 22,177 listings, so it is taking about 6 months for the inventory to turn over.

July '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for July was $239,696. The average sales price was up by 4.1% over the same period last year. July sales totaled 3,875 out of approximately 21,776 listings, so it is taking about 5 1/2 months for the inventory to turn over.

June '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for June was $248,048. The average sales price was up by 3.3% over the same period last year. June sales totaled 3,852 out of approximately 21,354 listings, so it is taking about 5 1/2 months for the inventory to turn over.

May '07: No statistics available.

April '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for April was $225,748. The average sales price was up by 4.2% over the same period last year. April sales totaled 3,534 out of approximately 20,189 listings, so it is taking about 5 1/2 months for the inventory to turn over.

March '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for March was $228,665. The average sales price was up by 11% over the same period last year. March sales totaled 3,573 out of approximately 18,917 listings, so it is taking about 5 months for the inventory to turn over.

February '07: No statistics available.

January '07: According to the Charlotte Regional Realtor Association statistics, the average home sales price for January was $219,270. The average sales price was up by 6.9% over the same period last year. January sales totaled 2,615 out of approximately 17,187 listings, so it is taking about 6 1/2 months for the inventory to turn over.

December '06: According to the Charlotte Regional Realtor Association statistics, the average home sales price for December was $226,966. The average sales price was up by 5.3% over the same period last year. December sales totaled 3,283 out of approximately 16,213 listings, so it is taking about 5 months for the inventory to turn over.

November '06: According to the Charlotte Regional Realtor Association statistics, the average home sales price for November was $219,681. The average sales price was up by 3.6% over the same period last year. November sales totaled 3,067 out of approximately 16,723 listings, so it is taking about 5 1/2 months for the inventory to turn over.

October '06: According to the Charlotte Regional Realtor Association statistics, the average home sales price for October was $219,268. The average sales price was up by 1.5% over the same period last year. October sales totaled 3,471 out of approximately 17,372 listings, so it is taking about 5 months for the inventory to turn over.