Home Sales in Lake County Continue to Droop

The Lake County Realtors Association has put out home sales numbers for last month. Over the month of July, a total of 89 single family homes were sold, compared to 94 in June and 97 during the same time last year. The homes in July were selling at an average of 97% of the asking price at the time the property went under contract, but an average of 94% when compared to the original asking price when the property first came on the market. The median time on the market last month was 28 days, compared to 37 days for the previous month and 19 days for this time last year.