Absorption Rates (Months of Inventory) for Lake Norman Neighborhoods - Part 1
This will be a several part series of blog posts with the current (day of blog) months of inventory in several hot Lake Norman subdivisions.
Do you see your neighborhood? Looking at the data below ( a mix of several subdivisions in the Lake Norman area with no regard to price or age), one can assume that the home neighborhoods under an average of $200K selling price have the least amount of months of inventory.
The neighborhoods closer to metro Charlotte area from 200-400K have an average of 8 months supply
Neighborhoods above 200K in Iredell and Lincoln county seem to have the most supply.
Email me if you don't see your neighborhood and I will get you the most current data.
The Farms - Mooresville, NC
Current Inventory of Homes for Sale = 24
Last 6 months sales = 17
8.5 months of Homes for Sale in The Farms
The Point - Mooresville, NC
Current Inventory of Homes For Sale = 82
Last 6 months sales = 32
15.5 Months of Homes for sale in The Point
Curtis Pond - Mooresville, NC
Current Inventory of homes for sale = 26
Last 6 months sales = 18
8.6 months of homes for sale in Curtis Pond
Sailview - Denver, NC
Current Inventory of homes for sale = 26
Last 6 months sales = 15
10.4 Months of homes for sale in Sailview
Pebble Bay - Denver, NC
Current Inventory of Homes for sale = 19
Last 6 months sales = 8
14.2 months of homes for sale in Pebble Bay
Skybrook - Charlotte, NC / Huntersville, NC
Current Inventory of Homes for Sale = 61
Last 6 months sales = 46
8 months of homes for sale in Skybrook
Monteith Park - Huntersville, NC
Current Inventory of homes for sale = 34
Last 6 months sales =22
9.2 months of homes for sale in Monteith Park
The Peninsula - Cornelius, NC
Current Inventory of homes for sale = 58
Last 6 months sales = 25
13.9 months of homes for sale in The Peninsula
Birkdale - Huntersville, NC
Current Inventory of Homes For Sale = 50
Last 6 months sales = 36
8.3 months of homes for sale in Birkdale
Morrison Plantation - Mooresville, NC
Current Inventory of homes for sale = 20
Last 6 months sales = 5
24 months of homes for sale in Morrison Plantation
Heritage Green - Cornelius, NC
Current Inventory of homes for sale = 19
Last 6 months sales = 29
3.9 months of homes for sale in Heritage Green
(Average days on market was only 84 days!)
Caldwell Station - Cornelius, NC
Current Inventory of homes for sale = 14
Last 6 months sales = 25
3.36 months of homes for sale in Caldwell Station
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