Lake Norman Real Estate: October 2008 Market Report - 11/30/08 07:57 AM
As I was preparing this summary of Lake Norman's October housing market my curiosity got the better of me.  While it is important to compare our sales to October 2007 we are now well over a year in our Lake Norman real estate downturn and so I realized it is very important to now look at our sales in context of the past 4 years to get a grasp of the entire picture of our Lake Norman housing market.
So, first I did my usual monthly analysis:
 
                       Lake Norma Real Estate Market Statistics for October 2008

 
As you can see, … (7 comments)

Lake Norman Real Estate: A Reality Check - 11/30/08 07:50 AM

The other day I asked my broker/owner of RE/MAX at the Lake exactly what was selling right now.  Her answer?  "Bargains."  Getting her insight based upon the business of 70 agents further underscored my own feeling that the Lake Norman real estate market is much weaker than most sellers and even local Realtors grasp.
 
Important Signals from the Current Lake Norman Housing Market:
 


There are too many active listings in the Lake Norman area:  We currently have 1623 active listings for sale in the Lake Norman area in our MLS.  Based upon the current rate of sales this equals a 20.8 … (0 comments)