The spring real estate market is starting to heat up! The statistics from April showed an increase in both new pending sales and closed sales for the month. New listings, though, fell 44% from the 5-year average, with only 72 new listings in April. April and May generally see the highest volume of new listings, so it is possible we will see those numbers rebound in May. Active listings also decreased in April, falling 26% off the 5-year average. Despite the low inventory and decrease in new listings, it's a good sign for the market that pending sales and closed sales have kept on par or above with the averages for this time of year. Now that the summer season is officially beginning, we will likely see the market activity to remain steady or increase.
Buyers, it's crucial to pair yourself with an experienced agent when you begin your home search process! Low inventory and less new listings can mean more competition for well-priced homes. Your agent can set you up to receive automatic notifications when a new property matching your criteria hits the market. The summer season at the lake generally means most vacation rental homes are booked with renters. Your real estate agent can help you decide which days are best to look at properties in certain areas based on general rental schedules, allowing you to see all of the homes on your list!
Sellers, there has never been a better time to list!! With increased buyer active and low inventory, your property has a great chance to stand out and sell quickly! Your agent can help you get your home ready to show, price it according to current market conditions, and make sure you're getting the best price at the end of the day. Our agents work for you! With our innovative marketing plan, professional photography and videography, and unbeatable reputation, your property is in the best possible hands with one of our experienced agents. Get a free Comparative Market Analysis for your property and start your selling process today!
Connect