While never in agreement, most economists and pundits do seem to conclude that 2016 will see only modest gains in the US housing market. Here in Lake Norman, after booking a healthy 7.3% increase in home sales in 2015 over 2014, we have launched 2016 with a solid 10%+ gain over last January and logged the best January sales since 2007. This is doubly impressive given our continued extremely low inventory of active listings. But where are we trending for the next few months? Let’s take a closer look:
* All data is from the Carolina Multiple Listing Service.