The number of homes sold in the first quarter of 2019 was up sharply over the same quarter in 2018. 102 homes sold, up 48% over Q1 2018. Surprisingly, the average home price was lower at $308,000, indicating that there are a lot of buyers still competing for the lower priced properties on the lake. The number of lake lots sold was up 36% with the average price up 10% to $139,000. The available home inventory is down 22%. The higher sales volume combined with a reduced inventory puts the absorption rate at 6 months. The absorption rate is the number of months it would take to sell the current inventory at the current rate of sales. The 6 month figure is half of what it was this time last year. 6 months is considered a balanced market, but if the trends continue, we should expect to see prices increasing over the course of the year. This data is sourced from the GA and SC MLS's and has to be combined and carefully cleaned to ensure there is no double-counting of sales. I have been tracking this information for 12 years, and as far as I know, no one else takes the time to make this information available to its constituents. Just one more reason to let the experts help you with your spot on the lake.