Lake Geneva Real Estate Market Update, March 2021

With the monthly supply of home inventory (MSI also known as absorption rate) being only 2.8, it is still a seller’s market!

What does that mean?

- it would take 2.8 months to sell all of the single family homes in #LakeGeneva currently on the market

- there are more buyers than there is home inventory

- in March 2020, the MSI was 5.6 in Lake Geneva (6 is a neutral market)

- the number of active listings decreased from 57 in March 2020

- the number of new listings decreased from 18 in March 2020

- the number of sold listings increased from 8 in March 2020.

Licensed in Wisconsin and Illinois, The Glockler Group can help you find a second home, vacation home, lake home in the #LakeGenevaArea or relocate to southern Wisconsin. ⚓️

📧 KristineG@CBRealty.com