lake country DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 9.7 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 27% VS 2023
▲ 17% VS 2023
▲ 36% VS 2023
▲ 50% VS 2023
There were 174 detached listings in Lake Country in June, 6% above May and 36% higher than June 2023. June detached home sales increased by 38% month-over-month, to 18, and were 50% above June 2023. The months of inventory for detached in the Lake Country, at 9.7, reflected a buyers' market.
THIS MONTH No. $2,109,089 $1,157,500 9.7 18 174
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,656,625 $990,000 10.7 12 128
27% 17% -9% 50% 36%
$1,216,877 $995,000 12.6 13 164
73% 16% -23% 38% 6%
The detached median price in June was $1,157,500, a 16% increase from May and 17% above June 2023.
The average sold price was $2,109,089, 73% above last month and up 27% to June 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
164
174
162
51
145
143
151
150
144
128
134
39
114
110
37
104
22
15
14
13
12
9
9
8
8
18
7
7
12
$1.48M
$1.23M
$1.21M
$1.16M
$1.16M
$990K
$1.00M
$995K
$995K
$975K
$965K
$926K
$811K
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
35
19.0
30
25
14.0
20
10.7
15
8.5
8.0
6.0
10
3.4
5
0
N/A
<$600K
$600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
MOI INVENTORY SALES
0 3 n/a
1 6 6.0
3 24 8.0
7 24 3.4
3 32 10.7
0 19 n/a
1 14 14.0
1 19 19.0
0 16 n/a
2 17 8.5
Copyright © July 8, 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 July 8, 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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