The Charlotte Observer just published a new story saying that Charlotte home sales were on the rise.
Charlotte-area home sales improved in May over the month before, new data from the Charlotte Regional Realtor Association show.
About 2,190 houses, townhouses and condos sold in the Charlotte region last month, up nearly 17 percent from April, according to the report released Thursday. That was down about 12 percent from May 2010, when sales surged in response to the government's homebuyer tax credits.
Despite the uptick in sales, home prices remain weak, signaling continued challenges in the housing market. Foreclosures, tight lending standards and lingering economic uncertainty are among the factors fueling the slow rebound, and experts say it could take a year or more for prices to begin climbing again.
The average selling price in the Charlotte region in May was $208,999, up about 3 percent from April and up 0.6 percent from the year before, the MLS data show. But that's still down about 7 percent from May 2008, shortly after the recession began.
This is good news for the real estate market, since it shows that the economy is on the rise slowly but surely.
No comments:
Post a Comment