Currently, in the local MLS there have been 51 closed lakehome sales in Douglas County since the first of the year.

In 2010, by this date from the first of the year, there were 62 sales.

In 2009, by this date from the first of the year, there 38 sales.

In 2008, ” , there were 50 sales.

This is a “real” real estate market. One that ebbs and flows without any government induced tax credits. So far, I have seen an increase in the inventory and a decrease in the overall sales volume. However, it appears that the market has started its stabilization from the depths of the recession and sales are picking up.

Don’t be surprised if you see sales surpass this mark next year. Inventory may come down some as sellers decide to either list with realistic prices or not list their properties.

In other words, the market could be stabilizing and not go down any more. With hope and promise in sight, Buyers would enjoy a good long run of appreciation should they decide to buy.

Source: Greater Alexandria Area Association of Realtors Multiple Listing Service