CHARLOTTE – Charlotte Regional Realtor Association reports that home closings increased 35 percent in November to 2,276 compared with the same period in 2011. The numbers were based on Carolina Multiple Listing Services data.

During the same period, median and average sales prices also increased. The average price in November 2012 ($204,413) was up 6.2 percent compared to last year ($192,414), and the median price ($160,000) was up 5.6 percent over last year ($151,470).

Association/CarolinaMLS President Jennifer Frontera said, “We’re actually in the historically weakest part of the selling season, but home prices are continuing to rise, largely due to decrease supply and solid demand. This is good for sellers.”

Demand across the region continues to be strong with pending sales totaling 2,490, which is up 37.9 percent over the previous period when contracts totaled 1,806. Homes in November spent less time on market, with the average time being 146 days, a decrease of 15 days compared to last November.

Frontera said, “Charlotte’s housing market has shown steady signs of improvement over most of 2012; however, uncertainty on the federal level could have some effect on the confidence of buyers and sellers, and slow our recovery,” Frontera said.

For additional information, contact Kim Walker at 704-940-3149 or visit