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2020-01-07 14:03:19
2019 Lake Norman Sales Report




Mooresville saw the largest sales increase for 2019 compared to 2018, up nearly 10%. And it went out with a bang in December, with sales up nearly 41% compared to the previous December.  See the chart below:




The next chart below shows sales for 2019 compared to 2018.  Let me break it down for you:

Mooresville:  up 9.9%
Cornelius:  down 2.1%
Huntersville:  up 1.3%
Denver:  down 1.4%



The median sales prices for 2019 as compared to 2018 were up across the board as seen in the chart below:

Mooresville:  up 1.7%
Cornelius:  up 5.5%
Huntersville:  up 2.6%
Denver:  up 5.5%



The supply of homes (inventory) for the year was up for Huntersville and Denver, down quite a bit for Mooresville, and flat for Cornelius.  Overall, the supply is lowest right now in Huntersville and Cornelius, signaling a strong seller's market.  See chart below:




Homes in 2019 compared to 2018 did not sell as fast.  The median days on market were up significantly in Cornelius, Huntersville and Denver.  The homes sold fastest in Huntersville (median of 21 days) and slowest in Denver (median of 39 days).  See chart below:




During 2019 homes sold for about 97% of their original asking price.  The median number of showings before a home went under contract was 13.

If you would like information about a particular town, zip code or subdivision then let me know and I will happily email you the data.  Simply fill out the contact form below!
 
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