Lakeland FL Overall Existing Home Sales Improved for August 2011 – Market Report
Overall existing average home prices in Lakeland Florida increased to $118,196 for the month of August, when compared to the previous month as well as the previous year. The numbers of existing homes sold soared to 225 compared to last month as well as the previous year.
225 Lakeland overall homes sales in August:
July 2011: 174 – previous year August 10: 189 sold
August – average sales price $118,196
July: $110,304 (7.15%) – previous year August 10: $114,960 (2.81%)
August – median sales price $90,000
July: $98,000 (-8.16%) – previous year August 10: $98,000 (-8.16%)
The graph below represents average and median home sales for August 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, as well as data from only the local associations within Polk County. 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 1989 including active Lakeland FL Homes for Sale and homes that have gone under contract (pending). From the chart below you can see the overall housing trend with respect to Supply on Market shows still there is a buyers market. However, with our upcoming busy season in the Fall and Winter, I suspect that the supply on market will show improvement.
Distressed properties in Lakeland, Florida
For the month of August, foreclosures and short sales comprised a total of 48% of homes sold. There were a total of 107homes sold in August, according to Mid-Florida Regional MLS.