lake country DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 14.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2023
▲ 38% VS 2023
▼ 2% VS 2023
▼ 5% VS 2023
There were 160 detached listings in Lake Country in October, 11% below September and 7% higher than October 2023. October detached home sales decreased by 21% month-over-month, to 11, and were 38% above October 2023. The months of inventory for detached in the Lake Country, at 14.5, re*ected a buyers' market.
THIS MONTH No. $1,092,491 $930,000 14.5 11 160
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,116,250 $975,000 18.8 8 150
-2% -5% -22% 38% 7%
$1,136,529 $972,750 12.9 14 180
-4% -4% 13% -21% -11%
The detached median price in October was $930,000, a 4% decrease from September and 5% below October 2023.
The average sold price was $1,092,491, 4% below last month and down 2% to October 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
175
64
165
186
181
180
160
145
143
150
152
48
114
110
104
42
22
18
15
14
13
12
9
9
8
7
7
11
8
$1.23M
$1.16M
$1.16M $1.15M
$1.00M
$995K
$995K
$975K
$973K
$926K
$930K
$811K
$792K
Oct-23
Sep-24
Oct-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
50
16.7
40
13.0
30
6.5
20
10
0
<$1.0M
$1.0M-$1.4M $1.5M-$1.99M $2.0M-2.24M $2.5M-2.99M $3.0M-3.49M $3.5M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
6 39 6.5
3 50 16.7
2 26 13.0
0 18 n/a
0 11 n/a
0 3 n/a
0 2 n/a
0 5 n/a
0 1 n/a
0 5 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of November 12, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 15 ●
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