Lake Norman, Luxury Market Conditions, Remain Active

Luxury market conditions around Lake Norman continued to be increasingly location specific, meaning one area or price point might show rising inventories while another remains scarce with favorable selling conditions. While sell-thru in most ranges and areas remains off from last year ' s peak numbers, the region remains significantly higher in terms of both unit sales and price levels than pre-Covid. The million-dollar and ultra-luxury market footprints have expanded considerably, with multi-million dollar transactions occurring in areas like Davidson, the North Shore area above the 150 bridge, and spreading into Cabarrus County