Well, yes and no, is the honest answer. Yes, Lake Norman’s August closed home sales did exceed last August’s by 8% making it the 8th month in a row where we beat 2014 closed sales. And, our pending sales are slightly better than last year. However, our number of newly under contract homes fell 3% below last year’s which is the first indication that there may be a slowdown in Lake Norman’s horizon. So, while sales were up, they were not up by as much as prior months which may indicate that the impressive momentum we have enjoyed since January is beginning to slow. That said, our year-to-date 2015 closed single family home sales are 15.8% higher than 2014’s. For the first time since the recession, Lake Norman’s housing market has been consistently strong every month in 2015. But will it continue? Let’s take a closer look:
* All data is from the Carolina Multiple Listing Service.
Some significant additional statistics for you: Continue reading