* All data is from the Carolina Multiple Listing Service.
So, despite pretty strong under contract and pending sales on last month’s market report, our Lake Norman home sales in July were not only 7% below July 2018’s but they were also 16.9% below last month’s. July was the second month in a row that our Lake Norman home sales were below last year’s. After a great start to 2019 we are definitely experiencing a softening of our housing market. Despite these drops, we are still 2.8% higher for the first 7 months of 2019 compared to 2018. My numbers below should provide some deeper insight into where we are headed as well as details regarding this month’s sales.
Here are what I feel to be the biggest takeaways from July’s Lake Norman real estate sales data: