Lake Norman’s overall real estate market is still extremely active despite entering into our seasonally slower months. 4 of the past 5 months have beaten the same months in 2015 and 3 of the 4 by double digits! In October we closed 17% more home sales than last October and based upon our new contracts it looks like this momentum is going to continue throughout the next several months at least. Mercurial has been emphatically replaced by momentum as my favorite adjective to describe our current Lake Norman real estate market. Let’s take a closer look:
* All data is from the Carolina Multiple Listing Service.
Some significant additional statistics for you: