Home sales and prices rose in Charlotte last month, as demand remained strong going into the winter months.
The number of houses sold in the 16-county Charlotte region increased by 4.5% in November — compared to the same month last year. Canopy, the Charlotte-area Realtor Association, said mortgage rates that dipped to almost 6% drew buyers back into the market.
Along with strong demand, prices kept creeping up. The average sales price in the region jumped more than 8%, to $487,000. The average sales price in Mecklenburg County was even higher, at $587,000.
The Realtor Association predicts more of the same next year, with prices and interest rates stabilizing as new construction slowly ramps up to add to the market’s supply.