As of this morning, there are 228 lakehomes listed in Douglas County. Last year on this date, there were 238 lakehomes listed. In 2010, there were 233 lakehomes listed.

From the record year of last year to this year, the reduction represents 4.2% less inventory. Personally, we could use a 10% or more (20% would be fantastic) reduction to really help correct the market and shore up pricing.

In the residential category, there are 279 homes listed in Douglas County this morning. Last year there were 297 residential homes listed. In 2010, there were 320 homes listed at this time. 2011 was still a record year with 342 homes listed on August 9, 2011.

The current inventory is a 6.06% reduction from last year at this time. That’s a start, lets see where the market goes for the year. Typically, peak inventory times are mid-July to mid-August.

Source: Greater Alexandria, MN Area Association of Realtors Multiple Listing Service