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Lake Norman Condo Market Update April 2017

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Lake Norman Condo Market Update April 2017

Lake Norman Condos & Townhomes
In April 2017 32 condos/townhomes sold in the Lake Norman area, an 18.2% decrease from the 44 condos or townhomes sold in March 2017. April 2017 sales figures increased 14.3% from April 2016 when 28 Lake Norman condos sold.

The average sales price increased 1% from $244,881 in March to $247,286 in April. The April 2017 average sales price increased 21.8% from the April 2016 average sales price which was $202,963.

Average days on the market decreased 32.8% from 64 in March to 43 in April. The April 2016 average days on the market were 71, a 39.4% decrease in market time.

Currently there are 53 active condo/townhome listings for sale in the Lake Norman MLS area, a 39.4% increase from the 38 active condos for sale in April. The average list price is $278,794, down 1.7% from April’s average list price of $283,688. The average days on the market are 53. 38 Lake Norman condos/townhomes are currently under contract, a 0% decrease from April. Based on this months data we are currently in a sellers market, only 1.7 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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