The Charlotte Business Journal reports Charlotte area home sales are down a whopping 27 percent from September 2007.home-for-sale.jpg

Existing-home sales in the Charlotte market fell 27 percent last month to 2,239 from 3,067 in September 2007, according to the N.C. Association of Realtors.The average sales price dropped 9 percent to $214,927 from a year earlier.Statewide, existing-home sales fell 19 percent to 7,417 from 9,203 in the year-ago period. The average price dropped 13 percent to $198,794.