Average Sales Price Continues To Rise

The average sales price in the Lake Norman area went up for the second straight month to $503,223. The average sales price at this time last year was $414,115. Thats an increase of 21.5% from 2010! The year to date average sales price is up 4.5% to $426,230.
The median sales price also increased for the eighth month in a row to $350,000. The median sales price at this time last year was $322,000. Thats an increase of 8.7% from 2010. The year to date average median home price is up 12.3% to $328,500.
The inventory of homes for sale is down 13.4% from this time last year.

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