Home sales take another plunge

Home sales dropped by 23.3 percent this October compared to the same time last year, showing yet another hit to the Charlotte-Mecklenburg housing market.

The 1,695 homes sold in October went for an average price of $202,840, which is 3.4 percent higher than at the same time last year. But October’s average price dropped slightly from the month before. September sales averaged $203,799.

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