FEBRUARY 20, 2021 BY STACY BRACEWELL & SHANNON KING LEAVE A COMMENT (EDIT)

Lake County Market Update for 2021 shows continued trends in January.

Your Lake County Market Update is provided by Stacy Bracewell and Shannon King with ERA Grizzard Real Estate.

In the month of January, Lake County had only 1.9 months of inventory. To put this in perspective, in January 2020, Lake County had 3.7 months of inventory and in 2019 there were 6.5 months of inventory. This shift in inventory over the past few years has drastically changed our market conditions, however, low-interest rates keep buyers interested.

The most popular price point includes homes selling between $200k and $300k. This price point accounts for 40% of sales. These homes are selling at 98% of the list price.

If you have thought about selling, you may have found the idea overwhelming. Many potential sellers are questioning their next move which makes them fearful to sell their home in this hot market. Fortunately, we have options for buyers/sellers in this situation.

In this competitive market, it’s important that buyers are pre-approved and prepared to make their strongest offer. Saving funds for your down payment and closing costs and improving your credit score will put you in the best position. Start the loan process HERE. It’s more important than ever to have an experienced real estate advisor in your corner.

If you’re ready to buy or sell a home in Lake County, we’re here to help!

Statistics provided by Stellar MLS.

Start the process now! Call Stacy Bracewell at 352-223-9238.