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Oneida County Lake Place Market MAY 2017

Market Trends - Posted On 05/05/2017 06:33 PM, Last Updated 06/01/2017 05:19 PM

296 Active Listings on Market
45 Accepted offers (13.2% this is a good number. During recession this was tytpically 7 or 8%)
341 Total

Median List Price: $299,900 The middle of the road (haha) price for a lake home was $300K
Median Sold Price: $244900 (82%)

At the current rate of sales we have a 10 month supply. This is very good for us in our market.
351 Units Sold in Past Year
29.25 Burn Rate (Units Sold per Month)
10.1 Months Inventory

Bottom line of all this is the market is trending upward. Good news for sellers but with interest rates rising and sellers feeling good, the buyer's market in lake places may be coming to an end.

Keywords: Trends in Lake Places

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