The Lake Norman, NC real estate market is one of the hottest markets in the country right now. While other markets are slowing down the Charlotte / Lake Norman market remains fairly strong do to its great location and ever growing ecconomy. A sellers market just a few months ago is now swinging back towards a buyers market as home prices are dropping do to slightly less buyers from out of state. Currently the Lake Norman real estate markets biggest problem is that buyers from out of state looking to move here are unable to sell their current homes. Less out of state buyers for a fast growing area leads to less offers which in return causes sellers to take less money when offers come in. National builders in the area have an increase in inventory homes which causes them to offer lower prices and better deals as well.
If you stand back and look from affar the housing market works much like the stock market. It gains great momentum when things are good. After awhile the market begins to get ahead of the curve and it needs to correct itself. Less buyers for one of many possible reasons causes prices to drop until the market swings back to a buyers market. The entire process starts over again.
Whether you are looking for a palace on the lake or a cozy simple home near the lake there is pletty to choose from and now is the time.
Click on the link below to check out the latest listings in the Lake Norman Real Estate area.
Contact: Craig LePage, Broker, Realtor, Keller Williams Realty