A new report from Lake Homes Realty in Hoover, Alabama, shows that lake home and lot listings have escalated to $5.9 billion since February of this year. Over the past five months, lake properties have been flooding the market with a total of almost 74,000 currently for sale in 34 states across the nation.
The $39.781 billion inventory represents an increase of $5.9 billion since the end of February, according to the Summer 2023 Lake Real Estate Market Report (pdf). The average listing price for homes and lots combined increased to $538,131 each—up from $479,586 in the spring. The quarterly report, generated by the nation’s largest lake-focused brokerage, incorporates data from 126 Multiple Listing Service (MLS) areas….