This week our listings saw an average of 2.7 showings each continuing the slowly increasing traffic pattern. The federal reserve dropped its key rate for the second week in a row which makes for a 1.25% drop in just two weeks. This puts…
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Fed drops rates two weeks in a row
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What a week!
Phew! It has been quite a week for the economy. Earlier in the week, the stock market saw the largest decline in years. The Fed stepped in on Tuesday and lowered the federal funds rate by 3/4 points sending out mixed signals…
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National Housing Picking Up?
This week our listings saw an average of 2.1 showings each which is about the same as last week. In last week’s update, I reported that the activity in my office had picked up and the local Charlotte Realtors with whom I associate were…
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2008 Off to a Great Start!
This week our listings saw an average of 2.1 showings each. It was the first full week back to work for most of us in 2008 and was a great start to the year. Although, the media continues to report a slowing housing…
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Happy New Year!
Happy 2008 to everyone. This past week our listings saw an average of 1.3 showings each (although that average is skewed because one listing had four showings). It was undoubtedly a slow week as we pulled through the final week of 2007 and…
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Merry Christmas!
Its the day after Christmas and we are almost on the road to recovery. There’s one more hurdle to clear in 2007 called New Year’s eve before we can truly begin anew in 2008. I hope that everyone had a very Merry Christmas…
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NASCAR Ex Single Handedly Increases Charlotte Values
This week our listings saw an average of 1.3 each. Showing traffic is as expected given the holiday season. Activity will likely slow to a halt for the next two weeks, then it will hopefully begin on an upward trend in the second…
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Still a mixed outlook for Charlotte
This week our listings had 2 showings each on average. Centralized showings statistics indicate that across the board, showing activity was higher this past week than it had been over the previous two weeks. That’s a good sign considering that we are in…
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The Holidays Have Arrived
Over the past two weeks our listings saw 2.4 showings each (1.2/week). Last week was expectedly slower than this week due to the Thanksgiving holiday and the number of showings we saw was similar to the trend of the overall market according to Centralized…
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Charlotte Economic Outlook
This week our listings saw an average of 2.1 each which is double the amount for last week. Perhaps there is a rush to do some last minute shopping before the holiday. Many of you have experienced price reductions in the past few…
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Holiday Slowdown Magnifies Generally Slowing Real Estate Market
This week our listings saw an average of 1 showing each. This is the lowest number of showings we’ve seen since I’ve been writing these status updates. The slowdown is certainly expected given that the holidays are coming and people are beginning to…
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Fed Steps In with Rate Cut – Good news for real estate!
This week our listings saw 1.6 showing each on average. The market hasn’t shown many signs of improvement yet. However, there was some good news this week that will hopefully lead to an increase in the number of buyers in our market. …
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Charlotte, NC – Calling All Investors!
This week our listings saw an average of two each. The recent buyer shortage continues and across the board there is not a lot of contract activity. In doing my weekly status reports for each of my listings I only saw two homes…
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Pending Home Sales Predictions
This week our listings saw an average of two showings each. Earlier in the week our Monthly E-Newsletter was sent out. Included were the Mecklenburg County real estate market indicators. Here’s a summary that compares September 2007 to September 2006: Home sales…
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Charlotte Market Weekly Update
This week our listings saw an average of 2 showings each which is up slightly from last week. From my perspective, it did feel as though activity is beginning to pickup a bit and I’m hoping that this trend will continue. We are…
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Charlotte Sellers Must Be Competitive
This week our listings saw an average of 1.6 each, which is the lowest average we™ve seen since I™ve been tracking this statistic. Recently, I discovered a new tool offered by Centralized Showings (CSS), which allows us to see showing statistics for all listings…
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Media stories hurt the Charlotte market
Showing traffic continued to be slow this past week. On average, our listings saw 1.9 showings each which is about the same as the previous few weeks. I am convinced that our market is being seriously impacted by the media coverage of the…
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Mixed Message This Week
In general the market and showing traffic in the Charlotte Metro area continued at a slow pace this week. On average our listings saw 1.7 showings each over the past seven days. We’ve gotten some mixed messages from the media ranging from talks of a…
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Charlotte, NC – Real Estate Market Update
As a market shift has taken place over the past couple of months, I’ve been extremely curious to find out the root cause and decide what can be done at a local level. I’ve spent a significant amount of time this week evaluating market data…
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Welcome to The W Realty Group Scoop!
Welcome to Scott Wurtzbacher’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Charlotte, North Carolina. You can count on Scott for up to date, accurate residential information to aid in your…
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