welcome to the Scot Williams Realty blog. hopefully you will find us informative, helpful, and maybe at time fun. We look forward to your comments.
August Update
Sales are improving, and supply and demand factors are pointing to a recovering market!
Quick Facts
From the National Association of Realtors August report
Sales of all existing homes rose 7.7% in August vs July and posted 18.6% gains from August 2010*. In the South, sales were up 16.9% year to year.
From the Charlotte Regional Realtor Association
Locally, week after week we continue to see increased pending sales, decreased listings, and decreasing inventory levels:
For the week ending 9/3 Change in new listings -20.5%
Change in pending sales +8.8%
Change in inventory -22%
For the week ending 9/10 Change in new listings -18.5%
Change in pending sales +18.3%
Change in inventory -22.3%
Though home prices react to more than supply and demand, once job growth begins and consumer confidence levels improve, Charlotte home prices should soar.
Don’t wait to read it in the press. The time to buy is NOW.
*based on transactions closed
August Update
