Lakeland FL Homes for Sale – Overall Home Sales for March 2011
Lakeland Florida average overall existing home sales improved without the government’s incentive of the first-time home buyer tax credit, to $114,573 for the month of March when compared to the prior month and March of the previous year of $113,417. Home sales continued to increase since hitting a low in November 2010 – a total of 227 existing homes sold in Lakeland FL
227 Lakeland Fl houses that have sold in March, an increase from the previous month of February of 192. March market share of distressed home sales decreased also to 54% from the previous month.
227 Lakeland overall homes sales in March:
February 2011: 192 – previous year March 10: 239 sold
March – average sales price $114,573
February: $93,265 (22.85%) – previous year March 10: $113,417 (1.02%)
March – median sales price $95,000
Previous month: $79,900 (18.90%) – previous year March 10: $104,000 (-8.65%)
The graph below represents average and median home sales for March in Lakeland, Fl for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, town homes, villas and duplex units for sale.
What was the average sales price in each Lakeland zip code?
Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average home sales have exceeded.
A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 2319 including active Lakeland FL Homes for Sale and homes that have gone under contract (pending). From the chart below you can see the housing trend with respect to Supply and Demand and the overall absorption rate for the Lakeland, FL housing market.
Distressed properties in Lakeland, Florida
For the month of March, Lakeland’s real estate market of distressed homes had a market share of 54.18%. There were a total of 123 homes sold in March, according to Mid-Florida Regional MLS.
Check back soon for March detailed Lakeland Florida housing report that highlights bank-owned properties (REOs) and Lakeland FL Short Sales.
I have been reporting on Lakeland FL Homes for Sale and provided my readers with a comprehensive market report for homes that have sold on a monthly basis. Check out these monthly reports:
February 2011 Lakeland FL Homes for Sale – Overall Housing Market Report
January 2011 Lakeland FL Homes for Sale – Overall Housing Market Report
December 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
November 2010 Lakeland Fl Homes for Sale – Overall Housing Market Report
October 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
September 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
August 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
July 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
June 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
May 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
April 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
March 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
February 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
January 2010 Lakeland FL Homes for Sale – Overall Housing Market Report
For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.
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Copyright © 2011 By Petra Norris *Lakeland FL Homes for Sale – Overall Home Sales for March 2011*
Lakeland FL Real Estate Home Sales – June 2010
For the month of June, the overall Lakeland FL Home Sales has declined slightly, but compared to previous year, it has been much of the same for when considering sales prices. A total of 216 Lakeland homes were sold in June with average and median prices sharply declining from the previous year. Distressed properties continue to be the driving force impacting and driving down market values for Lakeland FL homes with over 54% of market share.
Lakeland Homes sold in June: 216 - previous month: 221 – previous year June 09: 171 sold
June – average sales price $118,182
Previous month: $121,337 (-2.67%) – previous year June 09: $145,770 (-18.93%)
June – median sales price $109,200
Previous month: $106,000 (3.02%) – previous year June 09: $125,000 (-12.64%)
The graph below represents average and median prices in Lakeland for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, townhomes, villas and duplex units.
What are the various average prices in each Lakeland zip code?
Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded.
A total of 2515 Lakeland homes are for sale and under contract (7/22/2010) resulting in a 12 months supply, noticing that our inventory increased suggesting that supply continues to be greater than the demand
Let’s break it down for you to see the supply and demand for common properties for sale versus the distressed market in the Lakeland real estate market.
Common properties only – Inventory active and pending 1451 homes resulting in 15 month of supply.
Distressed properties – Inventory active and pending 1065 homes resulting in a 9 month of supply.
Distressed properties in Lakeland, Florida
For the month of June, Lakeland’s real estate market of distressed homes had a market share of 54%. There were a total of 117 properties sold in June, according to Mid-Florida Regional MLS.
Check back soon for June’s detailed Lakeland Florida real estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.
If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.
The picture for Lakeland real estate – and home sellers in particular – may begin to brighten up a bit. With another month in the books, we’ve seen another piece of evidence that the housing market is stabilizing.
Existing Home Sales surged in October as an increasing number of US home buyers took took advantage of low mortgage rates, low list prices, and, for some, a generous tax credit.
Home resales are 23 percent higher compared to last year’s numbers, and home supply is down to 7 months nationwide. This number is also referred to as the absorption rate – the amount of time it would take for the housing inventory on the market right now to sell.
As it is right now – the national housing inventory hasn’t been this low since February 2007.
The news shouldn’t be surprising, however. The same real estate trade group that produces the Existing Home Sales report also publishes a monthly report meant to predict future home sales called the Pending Home Sales Index.
Pending Home Sales have been rising steadily since mid-May.
So, with pending home sales showing no signs of slowing and 80% of pendings turning into actual, closed sales, we can expect existing home sales volume to rise in the coming months, too. Especially because Congress extended the home buyer tax credit to include (1) “Move-up” buyers and, (2) Buyers with higher household incomes.
All in all, what we’re seeing here is good news for Lakeland home sellers, who have their homes priced right.
For buyers, on the other hand, the news isn’t so great. The window to find a “deal” may be closing quickly.
