The AVERAGE number of days a property was on the market from the time it was listed until it closed was 142.2, two days longer than October.

According to the Charlotte Regional Realtor Association, the number of closings for November (2,000) decreased 9.5 percent over October, 2009 (2,210). However, November/s closings are up 31.5 percent when compared to November, 2008. The average sales price for November ($195,244) remains nearly unchanged from October’s ($196.204) and is up 1.1 percent over last year’s average sales price of $193,035. The average listing price sales in November ($216,507) decreased 1 percent over October’s list price of $218, 050.

“With high affordability and low interest rates, along with the extension and expansion of the homebuyer tax credit, we are optimistic the trend will continue through the winter months, which are typically slower sales times.” From Donna Anderson, CRRA President and CMLS, Inc. President.