This week our listings saw an average of 1.4 showings each. Activity continues at a slow pace likely due to summer vacations. Earlier in the week, I attended a two day meeting with the local Realtor association’s leadership to plan for the coming…
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Pricing your home like a corporate seller
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May 2008 Charlotte Market Data
This week our listings saw 2.0 showings each on average. There has been a significant slowdown in traffic across the board over the past two weeks. Its not uncommon to see a slight slowdown in traffic when school lets out. Also, Father’s…
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Mindset required for a recovering market
This week our listings saw 1.4 showings each on average. The real estate market continues its sluggish pace while the stock market in general saw a fair size drop over the past several days. I have received a number of comments about my blog…
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Sales weaken as price range increases
This week our listings saw an average of 1.3 showings each. Although we are in the midst of what is normally a spring/summer real estate surge, the market is not acting that way this year. There’s typically a winner and a loser in…
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Indicators of an Improving Market
This week our listings saw an average of 1.8 showings each. However, I am seeing a trend where some listings are getting plenty of traffic and others are not getting much at all. Most of my listings are in the $350K to $850K…
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Charlotte Named Best Place to Live!
This week our listings saw an average of 1.1 showings each. This is quite a slowdown over previous weeks. The slowdown in traffic is certainly not related to media reports on Charlotte, NC. It was a tremendous week in the news for…
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First time buyer market hot in Charlotte
This week our listings saw an average of 1.9 showings each. Activity has been steady in our office, but the trend has been focussed on a narrow segment of the market: first time buyers. I can’t speak for the rest of the…
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Another Rate Cut This Week
This week our listings saw an average of 2.8 showings each. This is a tremendous pickup in activity over the last few weeks. The increase could be due in part to a 25 basis point drop in the Fed’s key interest rate on…
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The Value of Forecasts
This week our listings saw an average of 1.6 showings each which is a bit low based on the traffic we’ve been seeing over the past few months. Activity has been steady in our office but the pattern that buyers are slow to act…
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Market data looking up
This week our listings saw an average of 1.8 showing each. This is a bit slower than the previous week, but recent Charlotte market data is showing signs of improvement. Our monthly e-Newsletter was published recently and revealed the following: Homes sales are…
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Finicky buyers
This week our listings saw an average of 2.2 showings each. Buyers continue to be highly critical; with a high supply of active listings to choose from, many simply eliminate listings from their search based on very minor negatives that they would have overlooked…
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Recession: A self-fulfilling prophecy?
This week our listings saw an average of 2.3 showings each, which is a significant increase over the past two weeks. Our office saw a tremendous increase in buyer activity with one listing and two buyers securing contracts. Much of the activity has…
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Media finally reports some good news!
This week our listings saw an average of 1.6 showings each which is slightly less than last week and a bit slower than expected given the season. We received offers on a few of our listings last week, but none that turned into contracts.…
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Fed Cuts Rates this week!
This week our listings saw an average of 1.9 showings each. This traffic is down over the past few weeks which have been seeing well above 2 showings each. This could be due to the Easter holiday and spring break, but could also…
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Charlotte Market Stats for Feb 2008
This coming week our monthly E-newsletter will be published. Below is a sneak peek at what will be revealed about the real estate market in Mecklenburg County as of February 2008. When considering February 2008 over the same period last year: The number of…
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This week’s (weak) stock market
This week our listings saw an average of 2.7 showings each and 2 out of our 13 went under contract. There isn’t much news to report on the real estate market this week. It was certainly an ugly weak for the stock market…
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We have hit bottom – That’s good news
This week our listings saw an average of two showings each. That’s a bit slower than over the past few weeks, but activity still seems strong in general and my area Realtor peers are in agreement. This month’s edition of Realtor Magazine was…
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A second housing bubble? Huh?
This week our listings saw an average of 4 showings each. The increase in traffic is slowly beginning to translate to sales as 3 of our 12 current listings have gone under contract in the past few weeks. I am confident that this…
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Showing Traffic Doubled This Week
This week our listings saw 3.9 showings each on average. This is a huge increase in traffic over the past few weeks of January where we’ve been seeing about 2 showings each. The market does seem to be picking up some momentum as…
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Charlotte Pending Homes Sales Up
This week our listings saw an average of 2.43 showings each. Traffic has continued to increase since the first of the year. There is no doubt that the Charlotte market has begun to pick up. Next week we’ll be publishing our monthly…
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