Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2018 Market Report

After a dip in January our Lake Norman real estate market kind of looks like it is back on track posting 60% more closed sales than February 2017. It is important to note, however, that February 2017 was a very weak month so while 112 closed sales is impressive, it is not quite as significant as it appears. There are also some indications in the numbers below that our short term market may struggle to meet last year’s record-breaking sales.

Here are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • February closed sales were 60% higher than February 2017 and 13% higher than last month’s.
  • Our inventory of active listings remains alarmingly low; currently 11% below last year’s which were also historically low.  It is hard to quantify but there is no doubt that low inventory does have of a negative impact on home sales.
  • While we had a strong month, I foresee a rocky next couple of months ahead.
  • Our trade-up price ranges $600,000 – $999,000) this month were weak again as a group.  The only thing consistent about this niche is their constant roller coaster ride of ups and downs.
  • Waterfront home sales volume is down quite a bit as is our inventory which could present challenges for this spring.

Let’s take a closer look:

Lake Norman real estate housing report

All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2017 Hot Sheet is Here!

Lake Norman Hot Sheet Home Sales

Want the very latest insight into our Lake Norman real estate market? So do I which is why, every month, I do a snapshot analysis of the middle two weeks of the month to get a sense of where we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

I always get excited to do this Hot Sheet analysis each month because it provides me with a mid-month pulse of our Lake Norman real estate market.  So where are we today?  After a stunning March, strong April and May, record-breaking June, strong July and August, it looks like this hot trend might continue through the rest of 2017. Let’s take a closer look:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August Hot Sheet is Here!

Lake Norman Hot Sheet Home Sales

Want the very latest insight into our Lake Norman real estate market? So do I which is why, every month, I do a snapshot analysis of the middle two weeks of the month to get a sense of where we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

I always get excited to do this Hot Sheet analysis each month because it provides me with a mid-month pulse of our Lake Norman real estate market.  So where are we today?  After a stunning March, strong April and May, record-breaking June and strong July, it looks like this hot trend is continuing in August and beyond. Let’s take a closer look:

Lake Norman Real Estate’s August 2017 Two-Week Hot Sheet

Lake Norman Market Report for August 2017

* The above chart is a summary of today’s “Hot Sheet” from the Charlotte Multiple Listing Service for single family homes in all of Lake Norman. These numbers represent a real time snapshot of the past two week’s activity. (August 8th – 22nd).  As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the August chart using my data since 2010.

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