Despite my earlier doubts, Lake Norman logged in another impressive number of home sales in July making this the 7th month in a row where we beat 2014 closed sales. This July was also the strongest July for single family home sales since 2005 even exceeding 2006! (However, July was down 13.5% from June’s truly record breaking 193 sales.) The momentum since January continues for our Lake Norman real estate market and our new “under contract” numbers indicate that we should have another good showing for the next several months at least. Our year-to-date 2015 closed single family home sales are 16.5% higher than 2014’s. Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and unlike previous years has been consistently strong every month so far in 2015. Plus, our new contracts indicate that this trend will continue for at least another month or two. Let’s take a closer look:
* All data is from the Carolina Multiple Listing Service.
Some significant additional statistics for you: Continue reading