fbpx

Lake Norman Condo Market Update May 2018

Lake Norman Condo Market Update
Spread the love
  • 2
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    4
    Shares

Lake Norman Condo Market Update May 2018

Lake Norman Condos & Townhomes

In May 2018 31 condos/townhomes sold in the Lake Norman area, a 41% increase from the 22 condos or townhomes sold in April 2018. May 2018 sales figures decreased 14% from May 2017 when 36 Lake Norman condos sold.

The average sales price decreased 19% from $279,788 in April to $226,931 in May. The May 2018 average sales price decreased .5% from the May 2017 average sales price which was $228,130.

Average days on the market decreased 38% from 40 in April to 25 in May. The May 2017 average days on the market were 54, a 54% decrease in market time from one year ago.

Currently there are 76 active condo/townhome listings for sale in the Lake Norman MLS area, a 15% increase from the 66 active condos for sale in May. The average list price is $389,247, up 5.8% from May’s average list price of $367,778. The average days on the market are 65. 70 Lake Norman condos/townhomes are currently under contract, a 15% increase from May. Based on this months data we are currently in a sellers market, only 2.5 months of inventory, in the Lake Norman condo market.

Get auto updates on new Lake Norman condo listings.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com


Spread the love
  • 2
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    4
    Shares

Leave a Reply

Your email address will not be published. Required fields are marked *