Lakeland FL Housing Market Shows Improvement – April 2012

Lakeland FL Housing Market Shows Improvement – April 2012

Overall Existing Lakeland FL home prices showed improvement in April as average and median prices increased from the previous month as well as the previous year.  Even though the overall housing market shows almost nine months of housing supply, the housing inventory of Lakeland continues to decline.  The current existing housing inventory stands at 1127 (5/22/12).

Homes in Lakeland FL for Sale by Lakeland FL Real Estate Agent

Distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, April market share of distressed homes was 46% which is an indication that buyers are more willing to stick with short sales as banks are willing to approve short sales in a shorter time frame

Lakeland Homes sold in April: 225 previous month: 234 – previous year April 11: 222 sold

April – average sales price $121,094

Previous month: $119,946 (0.96%) – previous year April 11: $108,594 (11.51%)

April – median sales price $101,59

Previous month: $93,250 (8.95%) – previous year April 11: $94,500 (7.51%)

Lakeland FL Homes Sold in April 2012 | Lakeland Sandpiper Golf Front Homes for Sale

The graph below represents average and median home 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, town-homes, villas and duplex units.

Average and Median Home Prices in Lakeland FL | Homes for Sale in Lakeland FL

Distressed properties in Lakeland, Florida

For the month of November, Lakeland’s real estate market of distressed homes had a market share of 46%. There were a total of 103 homes sold in April, according to Mid-Florida Regional MLS.

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