This past week our listings saw an average of 1.9 showings each. This is consistent with recent weeks’ traffic patterns. Our office has seen some contracts come to fruition which is certainly a good sign. However, it is important that many of…
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Are Foreclosures Keeping Existing Homes Sales Alive?
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One Less Uncertainty in the Marketplace
This week our listings saw an average of 2.6 showings each. This is a tremendous one week increase in traffic over recent months. However, it remains to be seen if the increase in traffic will translate to contracts. One thing is for sure.…
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September 08 Housing Inventory Trends
Over the past seven days our listings have shown an average of 1.9 times each. It was an average week relative to the current market. Today is Election Day and it is my hope that the closure this day brings will help eliminate…
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Southern Real Estate Market Lags National Market
This week our listings saw an average of 1.4 showings each. It was another week of slow traffic and fearful buyers. But is the national market beginning to show signs of recovery? The National Association of Realtors has reported recently that the number…
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Charlotte Market Data for September 2008
This week our listings saw an average of 1.1 showings each. Buyers still seem to have a lot of fear over the extreme volatility in the financial markets. However, there are wise individuals saying that there has never been a better opportunity for…
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Could this be the bottom?
This past week our listings saw an average of 1.3 showings each. On top of showing traffic being slow, it was also the worst week the financial markets have seen in most of our lifetimes. For the past several weeks, we’ve been bombarded…
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August Inventory Trends
This week our listings showed on average 1.1 times each. This is clearly a slowdown and is most certainly due to the flurry of recent economic news and the fate of Wachovia, one of Charlotte’s largest employers. Only time will tell how a…
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Awaiting a decision on government bailout
This week our listings saw an average of 1.78 showings each. This is a slowdown over the past few weeks, but is really no surprise due to the shortage of gas in the area. There seems to be some relief at the pumps…
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Three weeks of bailout news!
This week our listings saw an average of three showings each. From the standpoint of showing traffic, the pattern has certain changed for the better since earlier this summer when we were seeing less than one each regularly. Over the weekend and into today…
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Bank of America to Buy Merrill Lynch
This week our listings saw an average of 3.25 showings each, continuing the increased traffic pattern that started last week. Still, the averages are skewed as the aggressively priced listings are showing more often than average. In last week’s blog I reported that Fannie…
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Fannie Mae & Freddie Mac take over by Federal Government
This week our listings saw 3.3 showings each on average which was the highest we’ve seen in months. The numbers are skewed a bit however, as some of our aggressively priced listings are seeing well more than average while others are seeing less. The…
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The Day After Labor Day
This past week our listings saw an average of 2.1 showings each. Not too bad considering that it was a holiday weekend and school has just started for most. In my blog last week, I reported Mecklenburg County sales data for July 2008 and…
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July 2008 Charlotte Market Data
This week our listings showed an average of 1.9 times each. Not bad, considering that it was the last week before school started today. I am expecting to see an increasing showing trend now that the kids are back to school. Our monthly…
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Will falling gas prices affect real estate sales?
Over the past two weeks our listings showed on average 2.2 times each (or 1.1 times per week). Showing traffic remains slow as we near the end of the summer and families prepare to send their children back to school. Typically there is…
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Let’s Hear it from a Successful Seller!
This week our listings saw an average of 1.85 showings each. The trend continues that aggressively priced listings are showing frequently, while those priced purely based on past sales are not getting much traffic. Over the past seven days, we were able to help…
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Almost Half of Charlotte Home Sales Between $100-200K!
This week our listings saw an average of 1.57 showings each. The market hasn’t shown many signs of improvement. Although, there does seem to be a few positive economic signals including a slight drop in gas prices in the past week. Phew!…
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Hot Topic Reply: Finding a Quick Sale
Realtor.com Hot Topic Question: My wife’s family is in a real bind. They have procrastinated selling their father’s condo and now they need to sell it ASAP as he is almost out of funds for his continued care. However, the family is not agreeing…
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Charlotte Market Stats for June 2008
This week our listings saw an average of 2 showings each. This is a slight increase over previous weeks, but it does appear that the average is skewed by a few listings that got more than an average number of showings. Today our monthly…
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How will a bear stock market affect real estate?
Over the past two weeks our listings saw an average of 1.3 showings each. This is less traffic than we’ve been seeing, however being a holiday period, it comes as no surprise. The week before and after the Fourth of July is typically…
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Interest Rates vs. Home Prices?
This week our listings saw 1.8 showings each on average, though that average is skewed. Our aggressively priced listings are showing two to three times or more per week, while the others may not be seeing any traffic at all. In the news…
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