Abigail Jennings Fall Outlook on the Real Estate Market

 

I hope no one is tiring of good real estate news, because I’ve got more coming your way!  September 2012 indicators for the Lake Norman area were very positive overall.  Even the number of new contracts written, which I’ve been watching very closely, surged back in the right direction – up!  Here’s a quick overview of last month’s Lake Norman market stats, compared to September 2011:

 

Closings: 10% increase

New Contracts: 23% increase

New Listings: 13.6% decrease (great news for sellers)

Month’s Supply of Homes: 8.9 month supply (41% decrease in inventory, which again is great news for sellers)

 

The only dip to report was in the median sales price.  We’d seen a couple of months of rising median sales prices, so September’s decrease of 7% over Sept 2011 was disappointing but understandable, as there are still many short sales and foreclosures working their way out of the market.

 

*all data compiled from CMLS

Warmest Regards,
Abigail
Lake Norman Realty, Inc.
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About Michelle Nantz

There are many qualities and skills that go into being an excellent real estate professional: integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills, and a high-quality professional network ~ all of which are hallmarks of Michelle Nantz. In 2003, Michelle began her career in real estate, after a successful career in restaurant and hotel management with her last position as Regional Director of Operations running 56 hotels throughout two states. She owes her success in real estate and management to her expertise in people skills, managing, negotiating, and follow-up. However, it is Michelle’s dedication to quality service that she ultimately credits her success. Michelle shared, “In my experience as a Lake Norman real estate professional, I’ve found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to their needs.” This “client first” philosophy combined with continual personal improvement and keeping up-to-date with the latest technologies is a cornerstone of both Michelle’s and Lake Norman Realty’s business philosophy. In addition to Michelle’s extensive real estate education and her experience in the local market, she is also an Accredited Staging Professional®, which brings additional value to marketing her clients’ homes. Michelle and her family have made the Lake Norman area their home for over 10 years. In her rare leisure moments, you’ll find Michelle with her three children and husband, or unwinding with gardening or reading. “I live and work in this community and only have the best interests of our community and its members in mind,” says Michelle. Her community activities include participation in Denver Days, Relay for Life and support for Christian Ministries and area schools.
This entry was posted in Buyers, Foreclosure and Short Sales, General Information, Local Information, Realtor News, Sellers and tagged , , , , , . Bookmark the permalink.

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