Welcome to the Nest Lake Norman 2024 Mid-Year Market Report. Please find the downloadable PDF version of our full Lake Norman area Mid-Year Report here: Lake Norman_MYR_2024
Market Performance at a Glance
In the first half of 2024, the Lake Norman, North Carolina, real estate market experienced a mixed performance. Total sales decreased by 3.6%, from 8,443 in the first half of 2023 to 8,136 in the first half of 2024. However, the average sales price increased significantly by 9.2%, rising from $544,450 to $594,713. On the positive side, the number of new listings rose by 12.2%, from 10,072 to 11,304, adding balance to the market. Additionally, homes sold more quickly, with the average days on market dropping by 20.0%, from 40 days to 32 days, a contrast to some regions. For a personalized evaluation and consultation regarding your real estate needs, please contact us today.
Written by
Marketing on August 8, 2024 Posted in Lake Norman, Lake Norman Market Reports Comments closed
