Lake Martin inventory levels continued to decline in December.
According to the latest data from the Alabama Center for Real Estate, there were 334 homes listed for sale in the Lake Martin area. This includes waterfront properties as well.
Click here to read ACRE’s full Lake Martin Residential Report
This represents a 2.3 percent drop from last year’s 342 homes listed during December.
There were 400 homes listed for saled during November 2016, which amounts to a 16.5 percent dropoff month-to-month.
Historical data indicate that December inventory (’11-15) decreases from the month of November by 12 percent.
The previous peak for Lake Martin inventory was 621 units listed in December 2008.
Click here to read our latest Lake Martin Waterfront Residential article at Alabama Newscenter
As for waterfront-only homes, there were 171 listed on the market during December, 14.5 percent decline from a year ago (200) and a 24 percent drop from November (226).
Click here to read our latest Lake Martin Waterfront Residential article at Alabama Newscenter
