Summer break is here, and Lake Martin’s April 2025 Residential Report is out for review! As April showers brought May flowers, what was blooming on Lake Martin’s residential real estate market? Find out what the top five market trends from April’s report were.
Properties spent more time on the market.
Days on the market increased 51.3% from 78 days in April 2024 to 118 days in April 2025. Month-to-month, on the other hand, showed a 19.7% decrease from March’s 147 days on the market.
Inventory increased.
Not only did residential properties spend more time on the market, but there were also more listings available. Compared to April 2024, inventory increased by 19.9%, rising from 371 listings last year to 445 in April 2025.
What’s more, inventory rose 11.8% month-to-month, increasing by 47 days from 398 listings in March to 445 in April.
Residential sales saw an increase year-over-year.
Another top market trend from Lake Martin’s April 2025 Residential Report was that more properties sold in April 2025 than in April 2024. More specifically, 48 waterfront properties sold in April 2025 versus 43 in April 2024, representing an 11.6% boost in sales.
The inventory-to-sales ratio also increased.
The inventory-to-sales ratio for April 2025 was 9.3 months, up from the 8.6 months of inventory supply in April 2024. The market is considered balanced at approximately six months, which means March 2025 was fairly close at 7.5 months.
The average sold price rose.
The average sold price for Lake Martin residential properties increased by 17.5% year-over-year from $781,763 in April 2024 to $918,791 in April 2025. Notably, there was a month-to-month increase of 36.5%, rising from an average sold price of $673,102 in March.
Summary
With Lake Martin’s April 2025 Residential Report fresh on your mind, now is the time to dive into lake life. Contact Ryan Roberts to start searching for the waterfront property meant for you! Keep reading our blogs for more local real estate statistics and news.
