I am very thankful for an incredibly strong finish to 2015. Next week is Thanksgiving. Priorities tend to shift between then and the end of the year and that generally means a slower market. However, 2015 sales have remained strong much further into the year…
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Thankful for Strong Sales in Charlotte!
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Charlotte Market Stats Remain Strong This Fall
Generally the market begins to slow down as the calendar year nears to a close. While we still have a few months left in 2016, the Charlotte real estate market stats aren’t showing any signs of slowdown. Steady demand and historically low supply continues to…
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Charlotte Real Estate on Sale This Fall!
Who said you can’t time the market? If you have been following my blog you know that while its really hard to time the economic cycles of the market, predicting seasonality is a breeze. I’ve been tracking real estate data since 2004 and one thing…
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Back to School – Summer Market Winds Down
Mecklenburg County schools are back in session and summer is coming to an end. As the seasons change, so do real estate sales in Charlotte. Regardless of the economic cycle, the real estate calendar year starts off with a bottoming out of demand in January. …
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Expect Charlotte Real Estate Sales to Soften
The stats are in for Charlotte real estate sales in June and it appears that we have reached the seasonal peak that occurs every year. Sales are still going strong, but it is likely that we’ll begin to see the market soften as we head…
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Charlotte Real Estate is Still Going
Its mid June and the Charlotte market is still going strong. Seasonally, we are nearing the end of the busy spring selling season where we typically see a tapering in home sales and closing prices. All data indicates that the 2015 market has yet to…
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Strong spring selling continues – A new record coming?
We are nearing the end of May which traditionally means the spring selling season is likely to slow down. Schools get out soon and families will be getting started with summer vacations. No signs of slowdown yet though! Year over year the numbers for the Charlotte…
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Median Sales Price Hits All Time High in Charlotte
Home sales and prices continue the steady climb as the local real estate market in Charlotte is well into the spring busy season. All of the key indicators from March show strong growth and the median sales price has just hit an all time high…
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Prices Jump! Is Another Bubble Forming?
Wow, Mecklenburg County home prices experienced a 15% jump in February over last year. Considering that the long term historical average for our area is around 3-5%, are we experiencing another bubble? Those of us who experienced the real estate market from 2006 through 2012…
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Affordability Improves Despite Rising Home Prices
Home affordability has dropped in January to the lowest point it has seen in the past year. In fact, home price affordability has only seen two months in the past 23 that were more attractive than they are right now. Home prices have steadily increased…
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2015 Charlotte Market Off to a Booming Start
We are three weeks into the new year and the real estate market is booming. I spend much of my days networking and talking with other Realtors across our region and the message is consistently very clear. The market is great and 2015 is likely…
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Deconstructing 2014
As 2014 draws to a close, I look back over the past year of real estate sales in Charlotte. The market has returned to a place of stability for the time being and for the most part, 2014 looks a lot like 2013 did. Looking ahead…
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Low Rates to Carry Strong Demand into 2015?
There is a general consensus that mortgage interest rates can only go up. However, history shows that rates have been in the low fours for a year and a half and most recently they have dipped down to 4% which is the lowest they’ve been…
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Charlotte Real Estate = Healthy, Healthy, Healthy
We’ve been up, we’ve been down, and back up again. The last ten years have been a tsunami for real estate in Charlotte. Drop a large stone in a peaceful pond and the initial result is a huge splash followed by ripples that slowly get…
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The Effects of Changing Rates and Home Prices
The summer has officially come to a close and with that the busy season for Charlotte real estate will begin to taper. Seasonality plays a tremendous role in our markets from year to year. Both prices and the number of home sales always seem to…
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Charlotte Prices Peak for 2014
Well it appears that the annual summertime price peak has occurred in Charlotte for 2014. I have been tracking statistics for Mecklenburg county since 2004 and there is a clear pattern related to the seasons. Each year the number of home sales and prices have…
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Charlotte Home Prices Hit Record High
Charlotte home prices have hit an all time high this month and average sales price for Mecklenburg has finally crossed the $300,000 threshold. The average sales price in Charlotte for June 2014 was $311,355. The median price for June was $224,000. Hard to believe given…
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Charlotte Market Steady, but Demand is Slowing
Its June and the Charlotte market is about through the busy spring season. The numbers show that this year is turning out to be similar to 2013 which means that percentages are showing little change. Today we are sending out our monthly E-Newsletter and have…
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Charlotte Market Stabilizes
When a tidal wave comes ashore and crashes there are always more large waves that follow for awhile until things finally settle down. The recession of 2008 was that tidal wave and the oscillation of waves that have slowly gotten smaller in amplitude over time…
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Shift to Buyers Market in Charlotte?
A change to a key market stat has occurred this month signaling what could be a shift in the Charlotte real estate market. The month’s supply or inventory statistic represents how many months it would take for the current inventory of homes for sale to sell…
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