Lake Norman Condo Market Update March 2018

Lake Norman Condo Market Update
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Lake Norman Condos & Townhomes

In March 2018 38 condos/townhomes sold in the Lake Norman area, a 153% increase from the 15 condos or townhomes sold in February 2018. March 2018 sales figures decreased 13.6% from March 2017 when 44 Lake Norman condos sold.

The average sales price increased 14% from $212,873 in February to $242,690 in March. The March 2018 average sales price decreased 1% from the March 2017 average sales price which was $244,881.

Average days on the market decreased 17.8% from 45 in February to 37 in March. The March 2017 average days on the market were 64, a 42.2% decrease in market time.

Currently there are 40 active condo/townhome listings for sale in the Lake Norman MLS area, a 8.2% increase from the 37 active condos for sale in March. The average list price is $310,806, down 4.2% from March’s average list price of $324,266. The average days on the market are 60. 60 Lake Norman condos/townhomes are currently under contract, a 9.1% increase from March. Based on this months data we are currently in a sellers market, only 1.1 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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