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Lake Norman Condo Market Update April 2018

Lake Norman Condo Market Update
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Lake Norman Condos & Townhomes

In April 2018 21 condos/townhomes sold in the Lake Norman area, a 44.7% decrease from the 38 condos or townhomes sold in March 2018. April 2018 sales figures decreased 34.4% from April 2017 when 32 Lake Norman condos sold.

The average sales price increased 16.4% from $242,690 in March to $282,545 in April. The April 2018 average sales price increased 14.3% from the April 2017 average sales price which was $247,286.

Average days on the market decreased 16.2% from 37 in March to 31 in April. The April 2017 average days on the market were 43, a 28% decrease in market time from one year ago.

Currently there are 66 active condo/townhome listings for sale in the Lake Norman MLS area, a 65% increase from the 40 active condos for sale in April. The average list price is $367,778, up 18.3% from April’s average list price of $310,806. The average days on the market are 56. 61 Lake Norman condos/townhomes are currently under contract, a 1.7% increase from April. Based on this months data we are currently in a sellers market, only 3.1 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

Sign up for our monthly Lake Norman condo newsletter to receive monthly email updates on the Lake Norman condo market: https://mailchi.mp/adb37b4c99b1/lake-norman-condos-enewsletter

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