June 19, 2008
Lynnsy Logue The Real Estate Lady® and Condo Cando® in Charlotte, NC
Looking at Charlotte Residential Sales For May 2008…
From The Charlotte Observer,Stella M. Hopkins
The number of Charlotte-area houses, townhouses and condos sold last month through the Carolina Multiple Listing Services dropped 26 percent compared with May 2007, marking a full year of double-digit declines.
Mecklenburg County new home construction also remained stalled.
The 2,778 houses sold was the lowest count for May since 2003, according to the MLS, which accounts for nearly all existing home sales within about a 50-mile radius and roughly one-fourth of new home sales.
The average MLS sales price fell nearly 4 percent, to $223,946, the sixth consecutive month of declines.
Builders took out permits for 614 new residences in Mecklenburg last month, down 36 percent from a year ago and the lowest number of any May since before 1998.
Lynnsy Logue The Real Estate Lady® and Condo Cando® in Charlotte, NC
No comments:
Post a Comment