Lake Norman NC Home Market Changing? - Price Decreases in past 7 days

Real Estate Broker/Owner with Lake And Town Realty 209235

Lake Norman Waterfront Homes for Sale

Lake Norman listings agents for many months have done extremely well in the Lake Norman real estate market. Homes never lasted more than 24 hours with multiple offers. At times people were buying sight unseen. However, with mortgage rates changing along with other economic factors we have seen a shift of properties staying on the market longer and even dropping in price

The Lake Norman region is still a very desirable area and we continue to get people from all over the country relocating to the area. The weather, schools, taxes, international airport, mountains, and beaches are just some of the reasons why we continue to be a top lake destination in the Southeast.

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Comments (3)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

Great information.  Thanks for sharing and enjoy your week!

Jul 13, 2022 06:42 AM
Eileen Burns 954.483.3912
Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach - Fort Lauderdale, FL
FLorida Real Estate Connector

Mike Carpino a market adjustment is waning.  We are quite used to cycles.  😎 Supply and demand despite mortgage rates increasing.  When I started in the biz rates were 10-18%

Jul 13, 2022 07:06 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Mike, thanks for sharing the current market conditions, and think many areas are seeing a shift.

Jul 13, 2022 12:52 PM