A Quick Market Update for You

The Lake County real estate market is beneficial to both buyers and sellers right now. Here’s how.

 

Our real estate market in Lake County is super hot right now. It’s a strong market that benefits both buyers and sellers. Homes are selling quickly and for great prices, while buyers can still get a mortgage rate under 4%.

Closed sales are up over 17% from this time last year, the average days on market is about 39 days, and the average list-to-sale price is 97%.

Home values are also up by about 11% on average. At the same time, we have just a three-month supply of inventory.

If you’ve considered selling your home at all, now is absolutely the best time to do it. It’s a fantastic time to buy your new home as well.

If you have any questions for me about the market or real estate in general, don’t hesitate to reach out via phone or email. We look forward to hearing from you.

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