Charlotte area home sales, prices up again
By Stella M. Hopkins
Posted: Wednesday, Feb. 10, 2010
The Charlotte-area housing market continued posting gains in January, with home prices and sales now showing several months of steady increases.
The average sales price last month was $200,592, up 6.1 percent from January 2009, according to results released Wednesday by the Charlotte Regional Realtor Association. That’s the third consecutive month with a gain and slightly stronger than the December increase, for transactions through the association’s Carolina Multiple Listing Services.
The number of houses, townhouses and condos sold last month rose 8 percent from a year ago during the deepest part of the slump. January marked the fourth month of sales gains and is particularly notable because it is typically a slow month.
The number of pending contracts – deals signed but not yet closed – was about the same as a year ago. However, pendings were up 25 percent from December, a sign of rising demand. Experts expect sales will strengthen through the spring, in part because of several hefty tax credits for deals signed by April 30.
30 Yr Fixed – 4.875%
30 Year FHA – 4.750%
15 Yr Fixed – 4.250%
30 Yr Fixed Jumbo – 5.625%
5/1 LIBOR ARM – 3.625%
7/1 LIBOR ARM – 4.125%
10/1 LIBOR ARM – 4.625%
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