Lake Vermilion Real Estate

It’s 2019 and we are half way through the calendar year.  The year to date activity in the local real estate market is very similar to 2018.  My comments from one year ago are applicable to this year:

“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.”

At this point in time it’s fair to label this update a “Summer Rerun”.  The next few months will reveal either a  familiar, or, perhaps, a surprise ending.  Check back soon.

(As always, the grey lines show previous years and the red line represents 2019 data.)

(All data was sourced from the Range Multiple Listing Service.)