Luxury-home sales in the Lake Norman area are on the rise, according to a report from WCNC-TV.
The news station interviewed real estate professionals in the area and found increases in the number of homes under contract and the number of showings compared with the same time last year. That coincides with a decrease in the number of homes in short sale or foreclosure, according to the report.
A bounce-back in prices, coupled with low interest rates, may be prompting some luxury buyers to make a purchase, the report says.
The residential real estate market in the Charlotte region as a whole is improving, according to the latest report from the Charlotte Regional Realtors Assocation. The CRRA's monthly market activity report for November shows closings and home prices on the rise in the area.
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