Winter 2012 Market Update


Average Home Price $800,000 - View Graph Trend
Average Price Compared to Last Year Down 10-15%
Average Time on Market More than 120 days
Prices As % of Asking Price 85-90%
Market Trend Increasing
Buyers’ or Sellers’ Market More buyers than sellers
Multiple Offers?No
Housing Inventory Good supply - Some Prices
Greatest Activity First Time Buyers
Reason to Buy/Sell Other
Housing Hot SpotsThe Lake area.
Average Sold Price $800,000 - View Graph Trend

Lake Norman - The Point Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Monica Besecker
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     704-724-6726
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.61%
  15 yr. jumbo rate:  3.97%

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Monica Besecker
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Monica Besecker
Keller Williams Realty
Keller Williams Realty

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