This week our listings saw an average of 2 showings a piece. Overall, traffic has picked up a bit since the kids went back to school. Typically, the real estate market experiences a bit of a slowdown toward the end of the summer and then a minor surge in early fall before the holidays.
Labor Day marked the end of summer for most. As we get back to work, many will get serious about the home purchase they’ve been putting off all summer. Well if its going to happen this year, those procrastinators are likely to get moving soon.
Over the last few days we have seen a steady pickup in showing activity following the holiday weekend. So will this year follow the trend of prior years? Hard to say, but the signs say yes. In fact, if you read my blog from last week, I’m predicting that it will be a better than average fall due to the expiration of the first time buyer credit.
Next week I’ll be publishing the real estate stats for the Charlotte Area for August. I’m expecting to see steady and/or rising numbers from my last report. On top of that, the chief economist of the National Assocation of Realtors, Lawrence Yun, delivered a podcast last week with some very positive insights on the recovery of the national market. Check out Mr. Yun’s perspective on the national market and tune in next week for up to date information about Charlotte’s recovery.