Lake Norman Condo Market Update February 2018

Lake Norman Condo Market Update
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Lake Norman Condos & Townhomes

In February 2018 15 condos/townhomes sold in the Lake Norman area, a 40% decrease from the 25 condos or townhomes sold in January 2018. February 2018 sales figures decreased 31.8% from February 2017 when 22 Lake Norman condos sold.

The average sales price increased .2% from $212,479 in January to $212,873 in February. The February 2018 average sales price decreased 20.6.% from the February 2017 average sales price which was $267,976.

Average days on the market increased 0% from 45 in January to 45 in February. The February 2017 average days on the market were 50, a 10% decrease in market time.

Currently there are 37 active condo/townhome listings for sale in the Lake Norman MLS area, a 23% increase from the 30 active condos for sale in February. The average list price is $324,266, down 2.9% from February’s average list price of $333,821. The average days on the market are 57. 55 Lake Norman condos/townhomes are currently under contract, a 20% increase from February. Based on this months data we are currently in a sellers market, only 2.5 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com


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