See the Monthly Real Estate Market Report for Lake Norman – October 2015
Highlights of the Lake Norman real estate market report below. These reports are monthly and contain data from the local MLS. The Lake Norman real estate market report can help you with buying or selling around Lake Norman. This Lake Norman data is only to be used as informational and if you need additional information contact Brent Dillon REALTOR® at 704-727-6022 or send email.
- Change in new listings from 2014 to 2015 is +18.7% and -5.4% (decrease in listings is good for sellers not so great for buyer)
- Change in Closed Sale is -30.5% and +10.4%
- Change in Median Sales Price is +1.6% and -1.3%
The first two 2014 and 2015 on the left side of chart represent September 2014 vs September 2015. The second set of 2014 and 2015 represents 2014 vs 2015 yr to date.
The Lake Norman Real Estate Market Report
|October||Year to Date|
|2014||2015||+ / –||2014||2015||+ / –|
|Median Sales Price*||$332,085||$337,500||+1.6%||$352,000||$347,280||-1.3%|
|Average Sales Price*||$452,034||$448,512||-0.8%||$459,907||$440,014||-4.3%|
|Percent of Original List Price Received*||92.8%||93.4%||+0.6%||93.8%||94.2%||+0.4%|
|List to Close||139||137||-2.0%||139||142||+2.2%|
|Days on Market Until Sale||86||84||-2.1%||98||90||-8.4%|
|Cumulative Days on Market Until Sale||119||117||-1.5%||132||116||-11.8%|
|Inventory of Homes for Sale||1,088||959||-11.9%||—||—||—|
|Months Supply of Inventory||7.5||6.0||-19.8%||—||—||—|
|* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.|
*See additional sold data – This data is produced by the CAROLINA MLS REALTORS ASSOCIATION®.