* All data is from the Carolina Multiple Listing Service.
Lake Norman’s real estate market started 2019 with encouraging signs that we have turned a corner after a rough end to 2018. Our January sales are down just 1% as of today compared to last year but we are likely to get a couple more stragglers reported so I think we will end up matching last year’s sales. January sales were down 21% compared to December’s but January is historically our slowest month of the year for closed sales so this was expected. 96 sales is the 5th best January since 2005. 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 last month’s Lake Norman real estate sales data: