Charlotte Pending Homes Sales Surge

This week our listings saw an average of 1.5 showings each.   But this slowdown in average number of showings over previous weeks certainly hasn’t translated into fewer sales.  

Our monthly E-Newsletter was published last week.   A quick look at the data shows a continued pattern of down numbers over the same period last year.   But a deeper look reveals some great news.   Pending home sales represent contracts on homes that have not yet closed.   Most contracts take 30-60 days to close, so pending home sales is  a great predictor of the  closings to come in the next few months.

Pending homes sales have increased 25% in Mecklenburg County since we reported the same  indicator last month.   This could represent a huge surge in sales to come and if that pattern continues, we will be well on our way to an improving Charlotte real estate market.

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