Doom and Gloom? Rock and Roll?

Doom and Gloom, Good Times and Rock ‘n Roll or Somewhere Between the Two?

Where are we right now in Ballantyne Residential Real Estate?

Well, what do you think? If you saw the paper, turned on the radio or caught the 6 o’clock news last week, you knew about May homes sales…down…by a significant number. The overall feeling was “doom and gloom.”

It’s not a huge surprise to me. The federal government’s tax incentives in essence pulled sales that would have probably happened in May and June forward into April before the tax credit expired. At the beginning of the year, if you had asked me, “David, what will May home sales be like?” I would have replied…”they will be off.” Even in January, I could have told you March and April would be great and May would be down due primarily to the tax breaks.

OK…May is behind us…now what about June, July, and beyond and how will this affect you?

I think June sales WILL NOT beat April sales but they will be better than May.

The swing is/was not as big in Ballantyne and south Charlotte because the $8,000 tax credit was primarily geared toward first-time home buyers and we don’t have as many in 28277 as, let’s say, University City or Steele Creek.

However, in our community, sales have been increasing every month…not spectacularly…but the climb has been steady. April was better than March, May was better than April and I’m betting that June will close out better than May. My sales have been better each month as well.

We have a market that’s not terrible but not great. If you’re selling, here’s what to expect in the Ballantyne area. If your location, price, and condition are good, I can probably show your home two to three times a week. If there’s an issue with price, condition, or location, it’s realistic to expect your home will only get a look once every two to three weeks.

If you’re a buyer, the market remains great. Yes…for the most attractive homes, you will find some competition but if you’re flexible, there are some tremendous bargains in the Ballantyne home market.

Are you thinking of selling very soon?  Click here and get my FREE brochure titled “Making Your Property Stand Out and Get Sold!”

Are you ready to buy?  There has never been a better time. Interest rates at their lowest levels ever!  Click here now and I’ll send you a FREE brochure titled “What Makes You a Strong Buyer.”

What is your house worth today? Looking to buy a dream home?  Call me at (704) 634-9682 or email me at david.huss@allentate.com

Not ready, but are curious to keep up with your home’s value?  Then go to www.charlottehousevalues.com and sign up for my free monthly value report. My web site is here. www.davidhuss.com

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