Wow, I think Lake Norman’s real estate market is officially on a roll after a rather up and down first half of 2016. Now 3 of the past 4 months have been record breaking and based upon our new contracts it looks like this momentum is going to continue throughout the next several months at least! Following an impressive 18% increase last month (compared to August 2015) we have already logged in 171 sales for September for a 13% increase over September 2015. This is the highest number of single family home sales in the month of September since 2005 and when stragglers come in we may even beat that number! Mercurial has been replaced by momentum as my favorite adjective to describe our current Lake Norman real estate market.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: