There is one market statistic that I have been especially interested in for the last 10 years, and that is the absorption rate. The absorption rate is the number of months it would take to sell the existing inventory at the current rate of sales. A balanced market is 6 months of inventory. We have seen absorption rates as high as 131 months (Q1 2009). Last quarter our absorption rate dropped to 6 months for the first time in 10 years. While the average sales price for lake homes ($319k) was up slightly, the number of sales was up 19% for homes and 62% for lots. The available inventory for homes is down 24% with the average asking price up 4%. Lakefront property owners certainly hope that this trend continues, and there is no doubt that with interest rates still historically low, there couldn't be a better time time for buyers to lock in their dream home. We would love to help you find your spot on the lake.