True or False? The Lake Martin waterfront home sales are on track to have the fewest number of homes sales in ten years.
Let’s take a look at some numbers. In September 2021 Lake Martin had 33 home sales. There were 22 waterfront homes sold in September 2022. So like a lot of the nation we are seeing a cooling in our sales at Lake Martin.
Inventory is trending up – in September we had 119 waterfront homes for sale compared to last year, 92. Our five-year average is 180.
Waterfront lot sales at the end of September 2021 was 17 and at the end of September 2022 was 24. So lot sales are up 41% for Lake Martin.
So if you guessed False to my question above – DING DING, you are correct! We are still in a seller’s market but the market is slowing down.
I would love to help you on the Lake Martin real estate selling side or buying side. The market is changing! Let me know what questions you have and remember I am happy to give you a free ballpark valuation of your property at any time! Give me a call or text (334) 221-5862 or email – [email protected].