For the past 8 years, I have been compiling the real estate market statistics for Lake Hartwell.  This is a little more complicated than for most markets as we are served by both the GA and Upstate SC MLS systems.  Sales cannot simply be combined because the top agents report sales in both MLSs and those sales would be double counted.  All that being said, I think it is one of the most important services that I can provide, and I don’t intend to stop.  Now for the good news.  There were more  homes sold in the second quarter of 2015 than any other quarter since I have been collecting the data.  The number of transactions was up 116% over the previous quarter and 21% over the second quarter of 2014.  The second quarter of 2014 had been the previous sales record.  Average home price was up 8% to $306,000.  The number of lot sales was up 75% over last quarter with the average sales price up just slightly to $127k.  Available inventory has stayed steady with new sellers entering the market in an attempt to capitalize on the higher buyer activity.  With a steady inventory and an increased rate of sales, the absorption rate has been reduced by 52% to 13 months.  While our market would still be described as a buyer’s market, the lower absorption rate indicates that we are getting closer to a balanced market.  Days on the Market has also dropped by 20% indicating that properties that are priced correctly are being snapped up by buyers who have done their homework.  With interest rates still near record lows, there couldn’t be a better time to find your spot on the lake.