This past week our listings saw an average of 1.7 showings each. Though the showing traffic remains relatively steady, contract activity continues to slow in the Charlotte area. Recently, I compiled all the data from past E-Newsletters where I report monthly real estate statistics…
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Can Charlotte Real Estate Market Trends Predict 2011 Results?
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Options for Sellers in Today’s Market
This past week our listings saw an average of 1.5 showings each, although this average is a result of some listings getting lots of traffic while others are seeing little or none. The pattern is clear that aggresively priced homes in great areas are…
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Rent vs. Buy in Charlotte, NC
This week our listings saw an average of 1.3 showings each. Showing traffic, offer activity, and home sales in general have been eerily slow over the past few weeks. Eerie because Halloween is just around the corner? Probably not. More likely…
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Slicing and dicing the increasing average sales price in Charlotte.
This past week our listings saw an average of less than one showing each. Traffic is terribly slow across the board right now. I’ve been reaching out to other Realtors and studying showing statistics and everything points to the same message….very little traffic…
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The Irrational Economist
I’m reading a book right now called “Animal Spirits”by George Akerlof and Robert Shiller. At one point, the authors tell a story of an economist who’s turn it was to sell his own home in a down market. This economist gave up after…
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August Charlotte Market Data – Positive News
This past week our listings saw an average of 1.5 showings each. Traffic has remained slow but steady and the market statistics are beginning to show early signs of improvement. Next week we’ll send out our monthly E-Newsletter and will report the real estate…
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Pending Home Sales Up Nationally
This past week our listings saw an average of 1.8 showing each. Showing traffic does seem to be picking up very slightly and I expect that trend to continue into September as families get back into their normal school routines. Seasonally, we usually see a…
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Listen to the Media and Get Greedy.
This week our listings saw an average of 1.6 showings each. The showing traffic has slowly started to improve over past weeks and I expect that trend to continue over the next month as parents send the kids back to school. Wow, what…
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July 2010 Charlotte Market Stats
This past week our listings saw an average of less than one showing each. It was one of the slowest weeks for showing activity that we’ve seen all year. The market is definitely showing signs of another slowdown. Perhaps it could be…
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June 2010 Charlotte Market Stats
This past week our listings saw an average of less than one showing each. There is no doubt that showing activity has slowed considerably in recent weeks. But despite the declined trends, the broader economy does not seem to be showing any real…
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Buy Now, Sell Now, or Wait?
This week our listings saw an average of 1.4 showings each. Traffic has been slow and contract activity has been even slower. The media isn’t helping much and we are experiencing a time when its hard to tell what’s going to happen next.…
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Summer slowdown?
This past week our listings saw an average of less than one showing each. Traffic has gotten very slow overall all. What’s to blame? Too hot? Summer vacations? Falling stock market? Tax credit expiration? Maybe all of the…
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Pending home sales slow since tax credit expiration
This past week our listings saw an average of 1.7 showings each which is huge improvement over last week’s report. I think it is safe to say that the slow traffic from two weeks ago was due to the Memorial Day holiday. Showings…
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Buyer and seller expectations diverging again?
This past week our listings saw an average of 0.5 showings each. That is only one showing for every other listing and that is probably the slowest traffic pattern I’ve seen in a very long time. It is the beginning of summer. …
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The “No More Tax Credit” Blues
This week our listings saw an average of 1.9 showings each. Traffic has slowed significantly since the expiration of the tax credit on April 30th and the perceived motivation of buyers has declined along with it. The statistics for the Charlotte area housing market…
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Great news this week, Nationally and Locally.
This week our listings saw an average of 1.8 showings each. Traffic has slowed in our office since the expiration of the tax credit, but it seems that things are starting to pick up again, slightly. Its definitely too soon to tell however,…
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Life After the Tax Credits
This past week our listings saw an average of 1.6 showings each. This weekend was eerily slow from a showing traffic perspective. Could it be that agents and buyers took the weekend off after a long run of activity due to the expiration…
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March Charlotte Home Stats – WOW!
This past week our listings saw an average of 2 showings each. That figure is surprisingly low, but its quality not quantity that counts right now. Fortunately, with the expiration of the tax credit coming next week, many buyers that are out looking…
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Countdown to Tax Credit Expiration
This past week our listings saw an average of 3.2 showings each. The countdown to the expiration of the home buyer tax credits is on. Twenty one days remain. I must admit that it is beginning to feel like 2006 all over…
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Charlotte Market Data for February
This week our listings saw an average of 3.1 showings each and contract activity is really heating up. Buyers only have 31 days left to seal a deal and still qualify for either of the two tax credits currently available. Right now there…
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