Lake Norman Condo Market Update June 2016
Lake Norman Condo Market Update June 2016
Lake Norman Condos & Townhomes
In June 35 condos/townhomes sold in the Lake Norman area, a 25% increase from the 28 condos or townhomes sold in May. June 2016 sales figures increased 29.6% from June 2015 when 27 Lake Norman condos sold.
The average sales price increased 6.4% from $197,488 in May to $210,120 in June. The June 2016 average sales price decreased .5% from the June 2015 average sales price which was $211,237.
Average days on the market increased 14.3% from 56 in May to 64 in June. The June 2015 average days on the market were 79, a 19% decrease in market time.
Currently there are 71 active condo/townhome listings for sale in the Lake Norman MLS area, a 2.7% decrease from the 73 condos for sale in June. The average list price is $261,326, down 4.1% from June’s average list price of $272,549. The average days on the market are 107. 41 Lake Norman condos/townhomes are currently under contract, an 18% decrease from June.
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