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.