Inventory in Lake St. Croix Beach is very limited in this rolling three-month view, with just 3 active listings and 3 homes sold. New listings have dropped sharply year over year, down more than 70 percent, and active listings are also down more than 60 percent. Even with tight supply, pending sales are lower than a year ago, suggesting fewer homes are moving into contract than in past springs.
Pricing has adjusted notably over the past year, with the typical home value down nearly one-third year over year. List prices tell a slightly different story, with the median list price still more than $480,000 despite being down about 10 percent from last year. Sellers are often making concessions, as the average sale-to-list ratio sits around 96 percent and no recent sales have closed above the asking price.
Homes are spending much longer on the market than in prior years, reaching a median of 75 days compared with much quicker selling times previously. Months of supply is a little over two months, and the market is still classified as a seller’s market even with this slower pace. With this mix of low inventory, softer prices, and longer marketing times, both buyers and sellers can benefit from an Agent Pronto–recommended local agent to help them navigate timing, pricing, and negotiation strategies.
