Following the 4th quarter of 2018's slowing due to stock market volatility and rising mortgage rates, the Lake Norman market recovered from initial softness in sell thru during January, to power to a strong end to the first quarter. Pending contracts and increases in showing demand in February and March translated into balanced to seller friendly conditions in many areas, particularly the mid-market segment below $1 million in list price.
Inventory conditions in most segments stood at well below 6 months in that popular price range, while the ultra-luxury segment continued to move at a pace similar to 2018.
