Hooray! Last month, I predicted that we would see rising prices in the near future. At that time, all indicators besides price were healthily improving including number of home sales, pending home sales, inventory, & days on market. Well, now as of this month, the…
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No more doubts. All indicators are up.
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Up Next……Rising Prices
Since late 2011, real estate market data in Charlotte has been pointing to an improved market. The latest numbers for Mecklenburg County continue to improve. The market bottom can be defined in a number of ways depending on what data indicators you are looking at.…
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Our Listings are Selling Like Hotcakes!!
As of this writing, 75% of our listings this year are either SOLD or UNDER CONTRACT! Compare this to the market average where currently only 35% of total MLS listings are under contract or sold this year. What are we doing differently? Well, to begin…
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CALL FOR ACTION: Charlotte Mandating Registration of Rental Properties
If you OWN A HOME YOU RENT OUT in Charlotte or have an interest in investment property, PLEASE READ THIS AND TAKE ACTION: Charlotte City council has instituted a Rental Property Ordinance that requires ANYONE that owns a home that is rented in the City…
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Even the Skeptics Say the Worst is Over!
Over the past few years and in the middle of the worst recession many have ever seen, many said that the real estate market will never be like it was in 2006 and 2007. Its funny how when things are great, those same people think…
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Pending Home Sales Back at 2007 Levels!!
In the past seven days our listings have averaged 2.3 showings each. That average is up nicely from this same time last year. In general, I think the public is becoming more aware that both the economy and the housing markets are slowly showing signs…
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January Charlotte Market Stats
Our listings have been showing at an average rate of about 2.1 each over the past week. Traffic is up, so is demand and buyers are buying. The spring selling season is almost here and due in part to the warm winter weather we’ve had,…
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Charlotte Real Estate Full Steam Ahead!
Over the past two weeks, our listings have averaged 2.5 showings each per week. Its January, but yet the market isn’t acting like any typical January that I’ve known for the past 5 years. Traffic is strong, demand is up, and buyers are making offers.…
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New Year to Bring New Market
Last week I wrote about the fundamental data sequence that needs to occur in order for the market to shift back to a sellers market. To recap: First the number of sales increases, then the supply of housing falls, then prices can begin to go…
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Sellers Market Coming to Charlotte in 2012?
This past week our listings saw an average of 1.3 showings each. That traffic is certainly slower than we’d like to see during normal times, but then we are in the midst of the holiday season. I certainly see no cause for concern and I’m…
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NAR Real Estate Outlook
This past week our listings saw an average of 2.1 showings each. This same time last year the average was about 1.5 showings per listing. We are well into November and while I am typically preparing for a slowdown this time of year, there is…
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September Charlotte Market Stats
This past week our listings saw an average of 1.6 showings each. Showing traffic is about the same as it was this time last year. The difference is that it seems more of the lookers are actually buying this time around. This week we’ll publish…
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August Charlotte Market Stats
This past week our listings had an average of 1.3 showings each. Although I’d like to see at least an average of 2 per week, the current average is better than it was this time last year. Regardless of the negative news we keep hearing…
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Using Past Sales, Pendings, and Prices to Predict What’s Next
This past week our listings saw an average of less than one showing each. It seems we are experiencing the typical slowdown that comes at the end of the summer around Labor Day and right after the kids go back to school. If…
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July Charlotte Market Stats
This past week our listings saw an average of 2.5 showings each which is a definite increase over prior weeks. Is it a fluke? Hard to tell. Seasonally, we usually see an increase in activity after the kids go back to school…
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A Few Weeks of Bad News Leads to Economic Uncertainty
This past week our listings saw an average of 1.9 showings each. Traffic has not showed a significant slow down in the past couple of weeks, but it is still slower than anyone would like to see. As we head toward the end…
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June Charlotte Market Stats
This past week our listings saw an average of 1.4 showings each. Overall, the showing traffic has been a little lighter than we’d like to see. But it does seem that the quality of the showings has improved quite a bit and that…
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Renters will fuel a housing recovery
This past week our listings saw an average of 1.9 showings each. We are coming into a holiday weekend so it is widely expected that traffic will be slow at least for the next few days. Prices are still down but things appear…
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May Charlotte Market Stats
Over the past two weeks our listings have averaged about 1 showing each per week. Showing traffic is slow but steady and it seems that the buyers who are out looking are becoming more serious. We are deep in the midst of what…
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April Charlotte Market Stats
This past week our listings saw an average of 1.3 showings each. Showing traffic has most certainly slowed in the past couple of weeks. Could it be that we are approaching a holiday weekend or a continued sluggish market? The market stats…
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