{"id":23371,"date":"2024-04-03T07:41:32","date_gmt":"2024-04-03T12:41:32","guid":{"rendered":"https:\/\/www.lakehomes.com\/info\/?p=23371"},"modified":"2024-04-03T07:41:33","modified_gmt":"2024-04-03T12:41:33","slug":"lake-home-and-lot-listings-surge-by-6-4-billion-amid-19-inventory-boost","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/lake-home-and-lot-listings-surge-by-6-4-billion-amid-19-inventory-boost","title":{"rendered":"Lake Home and Lot Listings Surge by $6.4 Billion Amid 19% Inventory Boost"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"767\" src=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-1024x767.jpg\" alt=\"\" class=\"wp-image-23373\" srcset=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-1024x767.jpg 1024w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-300x225.jpg 300w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-768x576.jpg 768w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-1536x1151.jpg 1536w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-2048x1535.jpg 2048w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-320x240.jpg 320w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n<p>April 2, 2024 &#8211; Hoover, Ala. \u2013 Great news for potential lake home or lot buyers! This spring offers a wider selection of properties. According to the Spring 2024 <a href=\"https:\/\/www.lakehomes.com\/info\/lake-real-estate-market-reports\" target=\"_blank\" rel=\"noopener\">Lake Real Estate Market Report<\/a> by Lake Homes Realty, there are currently 83,467 lake home and lot listings available. This represents an increase of 13,366 from the 70,101 listings seen in Spring 2023.\u00a0<\/p>\n<p>That&#8217;s not all &#8211; the total market value of these listings sits at $44,111,017,837, demonstrating an improving market with investment potential. This is a positive shift compared to the $33.74 billion and $26.13 billion reported in Spring 2023 and 2022 respectively. With more options and a growing market, this spring presents an excellent opportunity to find your dream lakefront property.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-top-lake-real-estate-markets-nationwide\">Top Lake Real Estate Markets Nationwide<\/h2>\n\n\n<p>Boasting the most extensive selection of properties this spring is Lake Michigan. This lake has a total value of $1.46 billion across lakefront, lake view, and lake access properties in Illinois and Michigan, according to the Spring 2024 Lake Real Estate Market Report by Lake Homes Realty.\u00a0<\/p>\n<p>Following Lake <a href=\"https:\/\/www.lakehomes.com\/michigan\" target=\"_blank\" rel=\"noopener\">Michigan<\/a>, homebuyers seeking lakefront living have a variety of options across the country. Here are some of the other top contenders:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.lakehomes.com\/north-carolina\/lake-norman\" target=\"_blank\" rel=\"noopener\">Lake Norman, North Carolina<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/washington\/lake-washington\" target=\"_blank\" rel=\"noopener\">Lake Washington, Washington<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/washington\/puget-sound\" target=\"_blank\" rel=\"noopener\">Puget Sound, Washington<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/texas\/lewisville-lake\" target=\"_blank\" rel=\"noopener\">Lewisville Lake, Texas<\/a><\/li>\n<\/ul>\n<p>Twelve states serviced by Lake Homes Realty had more than one billion dollars in lake home and lot real estate listings, according to the quarterly report.\u00a0<\/p>\n<p>Leading the pack is Texas with a total of $8.139 billion, followed by Florida in second place with $5.287 billion, and Washington state securing the third spot with $2.762 billion. The other $1 billion+ states in order include: North Carolina ($2.432), Tennessee ($2.376), Georgia ($2.134), Minnesota ($1.909), Michigan ($1.783), Alabama ($1.390), South Carolina ($1.274), Missouri ($1.206), and Illinois ($1.181).<\/p>\n<p>For the total number of listings, Texas had the most lake home and lot listings (15,393), followed by Florida (9,648), Tennessee (5,880), North Carolina (4,354), Georgia (4,174), Missouri (3,677), and Alabama (3,629).<\/p>\n<p>For the most expensive lake home averages, Florida, Washington, and Montana were the top areas featured. The average for lake homes on Lake Butler, Florida was $4.634 million each. Lake homes on Lake Washington, Washington averaged $4.094 million and Whitefish Lake, Montana homes were $3.894 million. Among all of the homes and lots featured on LakeHomes.com, the average price was $528,484.\u00a0<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-don-t-be-fooled-by-headlines\">Don&#8217;t Be Fooled By Headlines<\/h2>\n\n\n<p>\u201cSellers and buyers should not be fooled by headlines that tout significant increases in home inventory,&#8221; urged Glenn S. Phillips, CEO and Chief Economic Analyst for Lake Homes Realty. \u201cHome Listing Inventory Doubles!\u201d is not very meaningful when the base number you are doubling is very small. For instance, going from 200 to 400 homes is meaningful, but going from 15 to 30 is still sparse although both are \u2018doubling\u2019,\u201d Phillips explained. \u201cAny market with historic lows can improve and still be very limited.\u201d\u00a0\u00a0<\/p>\n<p>Phillips continued, emphasizing Lake Homes Realty is in a \u201csoft\u201d seller&#8217;s market, \u201cAny market with historic lows can improve and still be very limited.\u201d \u201cUnfortunately, many sellers falsely believe they are in a \u2018hard\u2019 seller\u2019s market and foolishly demand higher-than-market prices,\u201d Phillips said. \u201cThese sellers are overpricing themselves right out of the market.\u201d<\/p>\n<p>He added, \u201cThis does boost inventory numbers (since these homes don\u2019t sell very often) but that is a false flag about the market.\u201d<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lake-home-buyers-savvy-and-selective\">Lake Home Buyers: Savvy and Selective<\/h2>\n\n\n<p>Lake home buyers are entering a new era of informed decision-making, according to Phillips. He emphasizes the heightened awareness of today&#8217;s buyers, stating, \u201cThey know the market, the trends, the transactions, and the lousy and overpriced listings.\u201d<\/p>\n<p>This knowledge translates into behavior, as Phillips explains, \u201cLake home buyers recognize homes online that have been on the market for over a month. These buyers consider these homes grossly overpriced and have no interest in wasting time asking about these properties, much less touring them.\u201d<\/p>\n<p>In short, Phillips concludes, \u201cLake home buyers are eager but not foolish.\u201d They are prepared to act quickly on properties that meet their needs and price expectations.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lake-market-myths-debunked-inventory-up-prices-stable\">Lake Market Myths Debunked: Inventory Up, Prices Stable<\/h2>\n\n\n<p>\u201cNo bust coming. There is nothing on the horizon that will create a large surge of lake properties for sale,\u201d assures Phillips.<\/p>\n<p>Phillips offers reassurance to those concerned about a market downturn, explaining, \u201cWe are seeing an increase in inventory over this time last year and anticipate more homes and lots will come on the market as the weather warms and lake season hits high gear.\u201d<\/p>\n<p>To further support his point, Phillips provides historical data: \u201cOver the past five quarters, our Lake Real Estate Market Reports show listings from our 34 states to range from as few as 70,101 and as high as 89,542. In the quarterly snapshots of the lake real estate market, total inventory list prices over the same five seasons collectively ranged from $44 billion to nearly $50 billion,\u201d he said. He concludes by highlighting price stability, stating, \u201cThe average of all our inventory, both lake homes and lots, ranged from $528,484 to $556,758.\u201d<\/p>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"792\" src=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Number-of-Listings-1024x792.jpg\" alt=\"Total number of listings graph\" class=\"wp-image-23409\" srcset=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Number-of-Listings-1024x792.jpg 1024w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Number-of-Listings-300x232.jpg 300w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Number-of-Listings-768x594.jpg 768w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Number-of-Listings-1536x1187.jpg 1536w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Number-of-Listings.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"792\" src=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Total-Sales-1024x792.jpg\" alt=\"Total listings in dollars graph\" class=\"wp-image-23407\" srcset=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Total-Sales-1024x792.jpg 1024w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Total-Sales-300x232.jpg 300w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Total-Sales-768x594.jpg 768w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Total-Sales-1536x1187.jpg 1536w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Total-Sales.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"792\" src=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Average-Listing-1024x792.jpg\" alt=\"Average listing prices graph\" class=\"wp-image-23408\" srcset=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Average-Listing-1024x792.jpg 1024w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Average-Listing-300x232.jpg 300w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Average-Listing-768x594.jpg 768w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Average-Listing-1536x1187.jpg 1536w, https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/Average-Listing.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-top-10-states-for-lake-property-listings\">Top 10 States for Lake Property Listings<\/h3>\n\n\n<ol>\n<li><a href=\"https:\/\/www.lakehomes.com\/texas\" target=\"_blank\" rel=\"noopener\">Texas &#8211; 15,393<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/florida\" target=\"_blank\" rel=\"noopener\">Florida &#8211; 9,648<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/tennessee\" target=\"_blank\" rel=\"noopener\">Tennessee &#8211; 5,880<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/north-carolina\" target=\"_blank\" rel=\"noopener\">North Carolina &#8211; 4,354<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/georgia\" target=\"_blank\" rel=\"noopener\">Georgia &#8211; 4,174<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/missouri\" target=\"_blank\" rel=\"noopener\">Missouri &#8211; 3,677<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/alabama\" target=\"_blank\" rel=\"noopener\">Alabama &#8211; 3,629<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/minnesota\" target=\"_blank\" rel=\"noopener\">Minnesota &#8211; 3,353<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/michigan\" target=\"_blank\" rel=\"noopener\">Michigan &#8211; 2,945<\/a><\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/arkansas\" target=\"_blank\" rel=\"noopener\">Arkansas &#8211; 2,888<\/a><\/li>\n<\/ol>\n\n\n<ol class=\"wp-block-list\"><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-top-5-most-expensive-lakes-for-home-listings-average-price\">Top 5 Most Expensive Lakes for Home Listings (Average Price)<\/h3>\n\n\n<ol>\n<li><a href=\"https:\/\/www.lakehomes.com\/florida\/lake-butler\" target=\"_blank\" rel=\"noopener\">Lake Butler, FL<\/a> \u2013 Avg. of $4,634,656<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/washington\/lake-washington\" target=\"_blank\" rel=\"noopener\">Lake Washington, WA<\/a> \u2013 Avg. of $4,094,885<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/montana\/whitefish-lake\" target=\"_blank\" rel=\"noopener\">Whitefish Lake, MT<\/a> \u2013 Avg. of $3,894,179<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/florida\/heron-lagoon\" target=\"_blank\" rel=\"noopener\">Heron Lagoon, FL<\/a> \u2013 Avg. of $3,853,197<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/montana\/flathead-lake\" target=\"_blank\" rel=\"noopener\">Flathead Lake, MT<\/a> \u2013 Avg. of $3,541,252<\/li>\n<\/ol>\n\n\n<h3 class=\"wp-block-heading\" id=\"h-top-5-lakes-for-number-of-home-and-lot-listings\">Top 5 Lakes for Number of Home and Lot Listings<\/h3>\n\n\n<ol>\n<li><a href=\"https:\/\/www.lakehomes.com\/missouri\/lake-of-the-ozarks\" target=\"_blank\" rel=\"noopener\">Lake Of The Ozarks, MO<\/a> \u2013 1,235<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/arkansas\/table-rock-lake\" target=\"_blank\" rel=\"noopener\">Table Rock Lake, AR<\/a>\/MO \u2013 1,207<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/texas\/lewisville-lake\" target=\"_blank\" rel=\"noopener\">Lewisville Lake, TX<\/a> \u2013 1,035<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/texas\/canyon-lake\" target=\"_blank\" rel=\"noopener\">Canyon Lake, TX<\/a> \u2013 1,014<\/li>\n<li><a href=\"https:\/\/www.lakehomes.com\/texas\/cedar-creek-lake\" target=\"_blank\" rel=\"noopener\">Cedar Creek Lake, TX<\/a> \u2013 1,013<\/li>\n<\/ol>\n<p>The Spring 2024 Lake Real Estate Market Report shares a summary of data collected from 146 Multiple Listing Services (MLS) areas in the 34 states served by Lake Homes Realty and is, to its knowledge, not available from any other source. Copies of the Spring 2024 Lake Real Estate Market Report are now available to download for free at <a href=\"http:\/\/www.lakehomes.com\/report\" target=\"_blank\" rel=\"noopener\">www.lakehomes.com\/report<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>April 2, 2024 &#8211; Hoover, Ala. \u2013 Great news for potential lake home or lot buyers! This spring offers a wider selection of properties. According to the Spring 2024 Lake Real Estate Market Report by Lake Homes Realty, there are currently 83,467 lake home and lot listings available. This represents an increase of 13,366 from the 70,101 listings seen in Spring 2023.\u00a0 That&#8217;s not all &#8211; the total market value of these listings sits at $44,111,017,837, demonstrating an improving market with investment potential. This is a positive shift compared to the $33.74 billion and $26.13 billion reported in Spring 2023&hellip;<\/p>\n","protected":false},"author":25,"featured_media":23373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12061,6],"tags":[20,9298,609,9297,139,16128,17560,33,17637],"class_list":["post-23371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","category-lake_homes_realty_news","tag-lake-homes","tag-lake-listings","tag-lake-lots","tag-lake-properties","tag-lake-real-estate","tag-lake-real-estate-market","tag-lake-real-estate-market-report","tag-real-estate","tag-spring-lake-real-estate-market-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lake Home and Lot Listings Surge by $6.4 Billion Amid 19% Inventory Boost<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/lake-home-and-lot-listings-surge-by-6-4-billion-amid-19-inventory-boost\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lake Home and Lot Listings Surge by $6.4 Billion Amid 19% Inventory Boost\" \/>\n<meta property=\"og:description\" content=\"April 2, 2024 &#8211; Hoover, Ala. \u2013 Great news for potential lake home or lot buyers! This spring offers a wider selection of properties. According to the Spring 2024 Lake Real Estate Market Report by Lake Homes Realty, there are currently 83,467 lake home and lot listings available. This represents an increase of 13,366 from the 70,101 listings seen in Spring 2023.\u00a0 That&#8217;s not all &#8211; the total market value of these listings sits at $44,111,017,837, demonstrating an improving market with investment potential. This is a positive shift compared to the $33.74 billion and $26.13 billion reported in Spring 2023&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/lake-home-and-lot-listings-surge-by-6-4-billion-amid-19-inventory-boost\" \/>\n<meta property=\"og:site_name\" content=\"Lake Homes Realty Articles and Info - LakeHomes.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LakeHomesRealtyLLC\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-03T12:41:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T12:41:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2024\/04\/shutterstock_1699979839-min-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1919\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta 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