July 23, 2018
We’re half way through the 2018 calendar year and at the selling season mid-point for the Lake Vermilion area real estate market.
Mid summer sale totals are not necessarily a great indicator of the final calendar year market performance. This mostly recreational market typically logs more completed sales in the second half of the selling season.
Having noted that and as is obvious in this edition of the graph… year to date 2018 is lagging behind other recent years. However, it appears mid summer activity has increased to the point where lost ground may be regained in the next few months.
(As always, the grey lines show previous years and the red line represents 2018 data.)
(All data was sourced from the Range Multiple Listing Service.)