September 2017 Market Report for Lake Martin - Lake Martin Voice - Lake Martin Real Estate - Waterfront Homes, Lots, Property For Sale

September 2017 Market Report for Lake Martin

Fishing on Lake Martin in November
November 7, 2017
Happy 10th Anniversary!
November 10, 2017

September 2017 Market Report for Lake Martin

September was another great month for Lake Martin homes sales! We had 38 home sales – this includes all agents, all brokerages, condos, townhouses, houses at Lake Martin.

For September 2016 we had 37 sales – so pretty much the same sales year to year. I think this has been our best September ever!

Year-to-date there have been 279 waterfront home sales – all over Lake Martin, all agents etc. Compare that to 251 sold year-to-date 2016 and you will agree that the big trend is 11% ahead of last year.

Short summary – sales are up 11%, inventory is down 11% = strong seller’s market.

I get asked a lot how that affects the DOM – Days on Market. DOM did not change much – 161 days on market this year, 158 last year and five year average is 173.

If you have any questions about the real estate market at Lake Martin – give me, John Coley, a call.