lake country DETACHED - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 8.7 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2023
▲ 4% VS 2023
▲ 114% VS 2023
▼ 9% VS 2023
There were 130 detached listings in Lake Country in November, 19% below October and 9% lower than November 2023. November detached home sales increased by 36% month-over-month, to 15, and were 114% above November 2023. The months of inventory for detached in the Lake Country, at 8.7, reflected a buyers' market. The detached median price in November was $1,206,000, a 30% increase from October and 4% above November 2023. The average sold price was $1,454,433, 33% above last month and up 13% to November 2023.
THIS MONTH No. $1,454,433 $1,206,000 8.7 15 130
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,292,143 $1,160,000 20.4 7 143
-58% 114% -9%
$1,092,491 $930,000 14.5 11 160
33% 30% -40% 36% -19%
13% 4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
175
64
63
165
186
160
181
180
145
143
152
53
130
114
110
104
22
18
15
14
13
12
11
9
9
8
7
15
7
$1.23M
$1.21M
$1.16M
$1.16M $1.15M
$1.00M
$995K
$995K
$973K
$926K
$930K
$811K
$792K
Nov-23
Oct-24
Nov-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
18.0
40
30
8.6
20
6.6
6.0
4.7
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
5 33 6.6
5 43 8.6
1 18 18.0
3 14 4.7
1 6 6.0
0 3 n/a
0 3 n/a
0 4 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 December 9, 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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