Huntersville - Lake Norman Real Estate Market Conditions & Reports, Huntersville - Lake Norman Market Trends, North Carolina

Market Commentary Provided by Antoinetta Economou & Bobbie Brown
If you can qualify, now is an exceptional time to buy a home in Huntersville - Lake Norman. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 704-309-0081 or 704-400-8368

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Antoinetta Economou & Bobbie Brown
Newport Properties
Mooresville, North Carolina
704-309-0081 or 704-400-8368
huntersville@agents.househunt.com
Agent Home Page

Nearest Metro Area

Charlotte

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

More than 120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Inventory Comments

Now is a great time to buy in the Lake Norman area, there is a large selection of homes at great prices and with the interest rates being the lowest they have been since the 1940's, it is a win win all the way around. The housing market in the Lake Norman area is starting to rise so don't miss out on this great opportunity. Build equity in your own home and stop putting money in someone else's pocket.

Average Home Price

$275,000 - View Graph Trend

Best Selling Price Range

$250,000 - $299,000

Worst Selling Price Range

$600,000 - $649,000

Compared to Last Year

Down 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Huntersville - Lake Norman is

Increasing

Seller Activity for the past 90 days in Huntersville - Lake Norman is

No Change

Is Financing Available For Qualified Buyers in Huntersville - Lake Norman?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Birkdale Village, Northstone, Skybrook, Latta Springs, Anything on the Lake

Reason to Buy/Sell

Population Growth

Average Sold Price

$275,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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