Lake Norman Home Sales Trends
Lake Norman home sales trends for single family homes in the charts below. Charts below include the Lake Norman towns of Cornelius NC, Davidson NC, Huntersville NC and Mooresville NC.
The real estate industry generally uses “Median Price” instead of “Average Price” because a couple of high-end or low-end properties in a single zip code or city can skew the Average Price pretty quickly, using Median gives a more accurate depiction of local price levels. The charts below for each town is further broken down into four distinct price ranges, providing a more accurate depiction of the price levels. Median price change indicate a couple of key market movements. Scroll down to see the charts; possible explanations after the sales charts.
Cornelius NC Home Sales Trends
Davidson NC Home Sales Trends
Huntersville NC Home Sales Trends
Mooresville NC Home Sales Trends
As the median price changes, this can indicate a couple of key market movements:
- A rise in median price means that Lake Norman sellers are responding to more sales in the area which means that the local market might be “strengthening” or getting “hotter” – favoring sellers, so they will ask more for their home.
- A fall in the median price might indicate the opposite – few homes selling at the current price levels which causes homes on the market to drop their price and for new homes on the market to price more aggressively.
- A rise in median price could also mean that Lake Norman homes at the lower part of the market are selling and leaving the market. This means that the remaining homes on the market are at a higher price point, which causes the median price to rise.
Real Estate News Videos
Visit my YouTube Channel’s “Real Estate News Videos” playlists. You can catch up on previous versions of the Keller Williams real estate news videos. There are many helpful videos to watch.
Lake Norman Living
Useful Links & News
Whether you are purchasing waterfront homes or planning on boating or fishing on Lake Norman you’ll want to know where there is lake access with boat ramps and marinas. You might even decide to join one of the many boating clubs on the lake.
Search other real estate listings for Cornelius NC homes, Davidson NC homes, Denver NC Homes, Huntersville NC homes and Mooresville NC homes. Don’t forget to view properties for sale or find a property now.
Thank You for Visiting Lake Norman Home Sales Trends
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