October was another busy month, but showed signs of the coming slow down that is typical of the end of the year.
New Listings in the Charlotte region decreased 3.1 percent to 3,998. Pending Sales were up 21.2 percent to 3,562. Inventory levels fell 21.6 percent to 12,375 units. Prices continued to rise with a Median Sales Price increase of 3.9 percent to $185,000. List to Close was down 8.2 percent to 112 days. Sellers were encouraged as Months Supply of Inventory was down 32.6 percent to 3.6 months.
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