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Lake Norman Condo Market Update December 2018

Lake Norman Condo Market Update
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Lake Norman Condo Market Update December 2018

Lake Norman Condos & Townhomes

In December 2018 21 condos/townhomes sold in the Lake Norman area, a 22.2% decrease from the 27 condos or townhomes sold in November 2018. December 2018 sales figures decreased 34.4% from December 2017 when 32 Lake Norman condos sold.

The average sales price increased 16.4% from $255,327 in November to $297,284 in December. The December 2018 average sales price increased 29.3% from the December 2017 average sales price which was $229,978.

Average days on the market increased 28% from 50 in November to 64 in December. The December 2017 average days on the market were 31, a 106% increase in market time from one year ago.

Currently there are 74 active condo/townhome listings for sale in the Lake Norman MLS area, a 1.3% decrease from the 75 active condos for sale in December. The average list price is $352,423, up .5% from December’s average list price of $350,646. The average days on the market are 105. There are 50 Lake Norman condos/townhomes currently under contract, a 2% decrease from December. Based on this months data we are currently in a sellers market, only 3.5 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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