Lake Norman Condo Market Update June 2017

Lake Norman Condo Market Update
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Lake Norman Condo Market Update June 2017

Lake Norman Condos & Townhomes
In June 2017 31 condos/townhomes sold in the Lake Norman area, a 13.9% decrease from the 36 condos or townhomes sold in May 2017. June 2017 sales figures decreased 11.% from June 2016 when 35 Lake Norman condos sold.

The average sales price increased 1.4% from $228,130 in May to $231,302 in June. The June 2017 average sales price increased 10.1% from the June 2016 average sales price which was $210,120.

Average days on the market decreased 16.7% from 54 in May to 45 in June. The June 2016 average days on the market were 64, a 29.7% decrease in market time.

Currently there are 42 active condo/townhome listings for sale in the Lake Norman MLS area, a 13.5% increase from the 37 active condos for sale in June. The average list price is $272,612, up 3.9% from June’s average list price of $262,473. The average days on the market are 51. 49 Lake Norman condos/townhomes are currently under contract, a 3.9% decrease from June. Based on this months data we are currently in a sellers market, only 1.4 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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