As July data roll in, more economists wonder whether we are seeing the signs of an economic slowdown. Yet that would not necessarily imply a slowdown in the housing market. While July's existing home sales fell below analyst expectations, consumer confidence in housing reached new highs as mortgage rates dropped and more homeowners refinanced their homes. It remains to be seen whether growing confidence and lower rates will help boost home sales.

In the Charlotte region, for the week ending August 10:

• New Listings decreased 3.3% year-over-year to 1,353
• Pending Sales increased 27.8% year-over-year to 1,278
• Inventory decreased 13.7% year-over-year to 9,724

For the month of July:

• Median Sales Price increased 10.4% year-over-year to $264,900
• List to Close increased 2.4% year-over-year to 86
• Percent of Original List Price Received decreased 0.1% year-over-year to 97.2%
• Months Supply of Homes for Sale decreased 11.1% year-over-year to 2.4 months