From Jen Wilson at BizJournals.com: Charlotte’s residential real estate market continues to heat up, according to the monthly activity report from the Charlotte Regional Realtor Association.
Home sales in the Charlotte region jumped 22.1% in June from a year earlier, the association reported — a figure that surpasses the year-over-year gains posted in recent months. Data from the Carolina Multiple Listing Service show 4,434 homes were sold in the area last month, up from 3,630 in June 2014.
On a month-to-month basis, sales were up 15.3% in June from May, when 3,845 homes were sold.
However, the annual growth rate in sales prices slowed in June. The average sales price last month was $260,003, up 0.8% from a year earlier, while the median sales price was $206,089, rising 4.5%. In May, average and median prices rose 4.2% and 8.1%, respectively, from a year earlier.