Want the very latest insight into our Lake Norman real estate market? So do I which is why, every month, I do a snapshot analysis of the middle two weeks of the month to get a sense of where we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.
July is always an interesting month for our Lake Norman real estate market. Since 2005 only 3 July home sales totals exceeded June’s and it looks like we will also experience a modest slowdown this month after a truly record breaking June closed sales of 191! The strongest July closed sales prior to this year were in the past two years at 150 and 151. As of today we have 95 closed sales so I think we will definitely exceed prior Julys’. As you can see below, we had the highest 2-week hot sheet closed sales totals since January but are just slightly below last July’s. We currently have 286 single family homes under contract (sellers have accepted an offer but the sale is not complete) in all of Lake Norman compared to last month’s 325 and last July’s 290. While we have slowed I think we are still on pace with our strong 2014 late summer and fall sales. What is equally important is our low number of active listings. Let’s take a closer look: Continue reading