Lake Homes and Cabins – Today’s Sellers Market!
Up North – in lake country – we have seen a dramatic drop in lake homes and lake cabins for sale. In fact, inventories of lake properties for sale in June are half of what they were back in 2015 – yet we still have strong demand from buyers for lake homes and cabins. We are seeing an upward pressure on prices, as buyers compete for limited inventory. It’s not just the bigger lakes like Leech Lake, Ten Mile, or the Woman Lake Chain. We’re seeing this on lakes of all sizes throughout Cass County.
What’s this mean if you’re thinking of selling?
Right now is a great opportunity to sell – both from a price standpoint and from a time-on-market standpoint. Will prices be higher next year if you wait? Maybe. There are a lot of variables in the lake home real estate market right now making daily headlines, and how these macro events will affect buyer demand in the future is still unknown. We do know that the market swings from a buyer’s market to a seller’s market and back again. Things are really good for sellers right now!
Call us today and we can have a conversation about the current seller’s market and the current value of your property – at no cost or obligation to you. With fewer competing lake home sellers and strong buyer demand, this may be an opportunity for you!