2019 is now more than halfway over and we are excited to release our 2019 Lake Norman Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
Overall, total sales in the Lake Norman area real estate market increased even as prices rose and inventory levels declined.
QUICK TAKEAWAYS
- Total sales increased more than 2% year-over-year across the Greater Charlotte MSA in the first half of the year, rising 2.2% from 18,265 in 2018 to 18,668 so far in 2019.
- The median sales price in the first half of 2019 was $255,000 compared to $240,000 in 2018, an increase of 6.3%.
- In the Greater Charlotte MSA, average days on market increased 7.1% to 45. North Charlotte had the lowest average days on market within the Greater Charlotte MSA at 28 days.
Be sure to check out the full 2019 Lake Norman Mid-Year Market Report here for more info on how the market performed in the first half of the year.
Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.
Have questions? Contact your Nest Broker today.