According to the Charlotte Business Journal, May 13, 2009, the Charlotte area median home prices have dropped 11% from over a year ago. But still it is lower than the National average of 13.8%. According to Zillow, the prices in Iredell county have dropped up to 22% in some areas! Wow!
Hey Folks, it's truly a "buyer's market". We are in the here and now and rates are still very low (around 5%).
I believe we are market will be back on the upswing by the end of the 4th quarter this year, after everything that I have been reading and analyzing.
If you want to get a good deal, get it NOW.
Copyright 2008-2009, ALL RIGHTS RESERVED, by the Author - Sandy Aichner
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Voted 2008 "Best in Client Satifaction Agent in Charlotte Magazine. www.SandyIsYourAgent.com offers you Lake Norman Real Estate and Lake Norman homes for sale, with over 30,000 updated listings.
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