Charlotte area home sales had their brightest performance last month in almost two years, although record foreclosure activity could stall the still weak market, which means more pressure on prices because of supply and demand. Charlotte average sale price down only 7.7 percent with the average value $212,997. One-fifth of the single-family homes sold this year in Charlotte of Mecklenburg County have been in foreclosure. The foreclosure sellers are not re-buying; in a normal market, we have only 1 percent of foreclosure now we are climbing at record levels over 3 percent. The foreclosure seller breaks the chain of re-buying where another seller becomes a buyer. The $8000.00 tax credit is helping but ends November 30. Higher inventory in the winter months will cause values to fall more. http://bit.ly/1Ce9u0