Tuesday, June 15, 2010

Know your Local Real Estate Market

As you all know from following my posts, I stress several key factors:

1. Look at trends rather than month to month or year to year percent changes

2. A national overview is important to know but your local market dictates

3. The real estate industry will significantly change as our economy recovers. Are you stagnant (reactive) or willing to ride the wave of change (proactive) by rebranding, reinventing and re-energizing your business.

The following illustrations show the lake Norman area which is a submarket of the Charlotte region. The data is from the Charlotte MLS.



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