Things are looking up for the real estate market in the Lake Norman/Mooresville North Carolina region. Sales in January of 2010 have more than doubled compared to January of 2009 while days on market for existing home sales have decreased by over 1 month!  Average sale prices have increased a bit while the list price to sale price ratio is 93%. Take a look at last month's sales as compared to last year...the numbers speak for themselves . All data was taken from the Carolina MLS which is usually very accurate.

Number of Homes Sold in the Lake Norman Area for January 1 thru January 31 ,2010
64 Properties
Average Sale Price: $463,097

Average Days on Market: 165

Current Number of Homes for Sale in the Lake Norman Area:
1235

Lake Norman, NC Real Estate
There was a total of 64 homes sold in the Lake Norman area January 1 thru January 31, 2010 as compared to 24 properties sold during the same time period of 2009. The average number of days on the market decreased from 193 during the stated time period in 2009 to 165 for the same period in 2010. Foreclosures, short sales and distressed properties continue to capture a considerable share of the sales in January. Sales prices for January 1 thru January 31 were $463,097 as compared to $454,779 in January 2009. There are currently 1235 homes for sale in the Lake Norman area. A qualified buyer can still  find an awesome home for the money here at Lake Norman! Days on market being 165 will encourage sellers to price agressively for a quick sale! It is a time for buyers to look seriously at many of the great opportunities to own a home in the Lake Norman area. All can enjoy the great amenities Lake Norman has to offer to it's residents! With current still low interest rates  low &  abundant inventory  being major factors, buyers are taking advantage of purchasing higher priced homes under excellent terms in financing.The average list price to sale price ratio is 93%  Sellers! Take heart! Indicators are pointing to a market stabilization for the Lake Norman area. Price your home right & it will sell. For more detailed information on market conditions give us a call! It's a great time to buy a home at Lake Norman, NC.  Don't forget to ask  us about the new extended tax credit!  We have information on all of the new changes!  Call For Info:

704-363-6946

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