Inventory is DOWN near 2006 levels!
 
The Single Family Market

 The are currently only 221 single family homes for sale, with the majority of homes in the $200,000 - $300,000 price point.  The median asking price of a home right now is $281,950.  The most active portion of the housing market seems to be single family homes under $200,000 - with 29 current active listings.  

The Townhouse Market 

There are 37 townhouse listings in Lakeville right now - a dramatic decrease from last year  when it seemed like everyone was dumping their townhouse to move up.   Most of these townhouses are priced under $200,000.  Townhouse sales pick up in the spring and late summer, when leases are usually ending.  

The Condo Market

There isn’t one.  Have a nice day.

Summary: Prices are creeping up.

My last sale here in Lakeville was this past week.  I had been in communication with the seller for about a year.  We initially discussed a list price of $265,000 for a 4 bedroom, 3 bath, 3 car garage home.  When it finally came time to list, there was no competition and some fairly strong recent sales.  We made the decision to raise the price $10,000 from our initial discussions - and we got it.  Yes, prices are creeping up.  

Based on that sale, I have 3 more similar listings coming up over the next few months.  Stay tuned!