It appears that the peak inventory cycle is passed again. The following information is respective of the local mls inventory at the highest amount of listings at the given moment of checking the local mls system.

At Randy Fischer Real Estate, we check the market inventory daily…every weekday. We are able to draw a conclusion as to how the inventory is rising/falling and then compare that to the closed sales data. It gives me a picture of the market, which I in turn give to you and of course other real estate agents who read my blog for market data.

First, let’s do Residential listings:

RESIDENTIAL

2005.9.25 482 listings
2006.6.30 657
2007.7.13 663
2008.8.28 658
2009.7.21 608(325 listings are in Douglas County)
9.30 617(304 listings are in Douglas County)
2010.7.15 683(338 listings are in Douglas County)
7.30 688(332 listings are in Douglas County)
2011.8.09 639(342 listings are in Douglas County)
11.11 640(341 listings are in Douglas County)

The overall insertions of listings placed in the Alexandria MLS may have declined. But, the listings placed in the Alexandria MLS inside of Douglas County has risen. I would tend to think that listings from places like Mora, St.Cloud, etc, which can be inserted into the Alexandria MLS may have receded from being entered. Those insertions, although listings, tend to dilute the data. That’s why we started to boil the data down to just Douglas County.

That being said, the overall inventory inside of Douglas County’s borders keeps rising.

Now, let me show you the lakehome inventory peak dates.

LAKEHOMES

2005.10.06 233
2006.07.26 375
2007.07.30 417
2008.08.13 402
2009.08.26 413 (251 listings in Douglas County)
2010.07.23 440 (268 listings in Douglas County)
2011.08.11 434 (275 listings in Douglas County)

The lakehome inventory continues to rise as compared to the days of old. This may be the new “norm” as lakelots are developed and people build cabins and homes on them. I don’t foresee the level of inventory in this category or even in residential to go back to the inventory levels of 2005.

As Alexandria, MN continues to grow and become a regional center, there will be more housing opportunities for people, hence, more inventory…

Source: Greater Alexandria Area Association of Realtors Multiple Listing Service