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.