lake country DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 12.9 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2023
▼ 27% VS 2023
▼ 34% VS 2023
0.0% VS 2023
There were 180 detached listings in Lake Country in September, 3% below August and 11% higher than September 2023. September detached home sales increased by 17% month-over-month, to 14, and were the same in September 2023. The months of inventory for detached in the Lake Country, at 12.9, re)ected a buyers' market. The detached median price in September was $972,750, a 23% increase from August and 34% below September 2023. The average sold price was $1,136,529, 6% above last month and down 27% to September 2023.
THIS MONTH No. $1,136,529 $972,750 12.9 14 180
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,566,429 $1,480,000 11.6 14 162
-27% -34% 11% 0% 11%
$1,073,075 $791,900 15.5 12 186
6% 23% -17% 17% -3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
175
63
180
165
186
181
162
145
143
152
150
114
110
104
42
42
22
18
15
13
12
9
9
8
8
7
7
14
14
$1.48M
$1.23M
$1.16M
$1.16M $1.15M
$1.00M
$995K
$995K
$975K
$973K
$926K
$811K
$792K
Sep-23
Aug-24
Sep-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
13.0
25
12.0
20
7.0
15
5.6
10
4.0
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 7 n/a
3 12 4.0
5 28 5.6
4 28 7.0
0 27 n/a
0 17 n/a
1 12 12.0
0 19 n/a
1 13 13.0
0 17 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 October 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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