It would be easy to look at the market stats both locally and nationally and predict that real estate is taking a turn again by slowing down. The data clearly shows that is the case. But when taken with a dose of perspective, what’s really…
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Return to Healthy In Charlotte
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Prices Up / Sales Down – Market Settling?
Its already the end of February and the spring selling season is just around the corner. In January we saw single digit temperatures and last week we had one of the largest snow storms our area has seen in years. Not too surprising that market…
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Charlotte Housing Supply At Seven Year Low
The market statistics for the Charlotte-Mecklenburg County real estate market are beginning to send some mixed signals. Inventory levels are the lowest we’ve seen since December 2006 which was the peak of the market and pre-recession. Prices are up substantially from this time last year, but…
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Winding down 2013
2013 has been a tremendous year for the real estate recovery in Charlotte. For at least a year we have seen highly improved stats over the prior year for just about every key indicator. The numbers are still looking good but the first indicators to…
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Thankful for the Charlotte Real Estate Recovery
Its hard to believe that next week is Thanksgiving 2013. The real estate market has suffered some significant challenges over the past five years. This Thanksgiving I’m very thankful to have made it through the worst and back up the hill to what I would…
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Charlotte Market Slows For Autumn Season
Seasonality plays a large factor in the Charlotte real estate market. I’ve been tracking the stats closely now for nine years and watched the same seasonal patterns year after year. Each year home sales and prices both peak in the summer months and valley in…
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Pending Home Sales Down in Charlotte
2013 has been a strong recovery year as the market came roaring back from the lows of the great recession. This summer the average sales price hit an all time high, even above the peak levels of 2007 and 2008. The market swell has calmed…
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Home sellers should expect slowed growth in Charlotte
The first eight months of 2013 have brought tremendous growth back to the real estate market in the Charlotte area. We’ve seen as much as 15% price appreciation in some areas year over year. Homeowners that bought during 2006-2007 are finally beginning to see the…
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Peak Prices in Charlotte Edge Up Again
Last month I reported that the average sales price in Charlotte hit its all time high based on closed sales in May. Well, June sales are in and prices are up again. The average sales price for June 2013 was $289,947 which is up 5%…
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Charlotte Average Home Price Hits High
Yes, you read the post title correctly! The average home price in Mecklenburg County for May 2013 hit an all time high in May. Last month I encouraged my readers to stay tuned as I knew it was coming, but it happened faster than expected.…
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Charlotte Prices Almost Back to Peak Levels – Affordability Still Great
Oh how the tables have turned. It was just a year ago that sellers were discouraged and wondering if they would ever get right side up on homes they purchased in 2006 and 2007 after watching prices plummet for four straight years. Many of those…
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Charlotte Real Estate Shows Signs of Continued Growth
The 2013 Charlotte real estate market has shown nothing but strength through the first quarter of 2013. The market stats that we track are back at 2007 levels which was the peak for Charlotte before the recession started to take shape. I still hear people…
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Seasonality Brings Increased Supply
Today is the first day of spring the the peak selling season for Charlotte real estate is well underway. No more worries about whether or not the market will recover as prices have shown steady increases for months now. Recovery has happened. Over the past…
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Expect Rising Prices, But Watch Supply
I’m a little late with my blog post this month and that’s because it’s getting harder and harder to keep up with the pace of the new market. In just a few short months, the Charlotte real estate market has made a dramatic shift from…
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Shifted! Charlotte Has Become a Seller’s Market
The Charlotte market has officially made the shift from buyer’s market to seller’s market as the December market stats for Mecklenburg County have revealed. This change is representative of an extremely quick turn around for the real estate market and shows the true power of…
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November Stats Show Charlotte Market is Booming
The Charlotte Real Estate market is booming and its happening very quickly. Real estate prices in Mecklenburg County appear to have bottomed out around March of this year and now they are coming back strong. November’s sales show that both median and average sales prices…
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Its almost Thanksgiving…Shouldn’t the market be slowing down?
This time of year I am usually winding things down for the year and preparing for the typical market slowdown between Thanksgiving and Christmas. Not so this year! The market is holding strong and the market stats for Charlotte are showing no signs of the…
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Charlotte Market Surges
The Charlotte real estate market is on fire and things seem to be changing at a faster pace than most might have predicted. Market stats clearly show strength and are quickly sliding towards a sellers market. The new problem that buyers are experiencing is a…
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Mecklenburg County Home Sales Hits Five Year High
You read the headline correctly. The number of single family home sales in Mecklenburg hit a five year high in August. I have been tracking the number of home sales month after month since 2004. There were 1069 home sales in Mecklenburg County last month.…
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The Charlotte Market is Strong – Consider Where We’ve Been!
People are constantly asking me “how’s the market?” Although, I’m very interested in the overall economy both locally and globally, including what’s happening with wall street, gas prices, etc., I’m really only qualified to answer as it relates to the Charlotte real estate market. As…
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