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Lake Norman Condo Market Update September 2018

Lake Norman Condo Market Update
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Lake Norman Condo Market Update September 2018

Lake Norman Condos & Townhomes

In September 2018 30 condos/townhomes sold in the Lake Norman area, a 36.2% decrease from the 47 condos or townhomes sold in August 2018. September 2018 sales figures decreased 14.3% from September 2017 when 35 Lake Norman condos sold.

The average sales price increased 5.3% from $249,700 in August to $262,965 in September. The September 2018 average sales price increased 5.4% from the September 2017 average sales price which was $249,455

Average days on the market decreased 15.6% from 45 in August to 38 in September. The September 2017 average days on the market were 40, an 5% 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 1.5% decrease from the 67 active condos for sale in September. The average list price is $392,781, up 1.6% from September’s average list price of $386,761. The average days on the market are 95. There are 59 Lake Norman condos/townhomes currently under contract, a 6.3% decrease from September. Based on this months data we are currently in a sellers market, only 2.2 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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