Overall Lakeland FL Existing Home Sales for May 2011

Overall Lakeland FL Existing Home Sales for May 2011

Lakeland Florida average overall home sales for existing homes increased to $110,138 for the month of May, compared to the previous month.  However, when compared to May of the previous year, sales took another hit from $121,563.  The number of homes sold continue to be strong – a total of 225 existing homes sold in Lakeland FL

 



225 Lakeland overall homes sales in May:

April 2011:  215 – previous year May 10: 230 sold

May – average sales price $110,138

April: $107,892 (2.08%) – previous year May 10: $121,563 (-9.40%)

May – median sales price $89,995

April: $94,000 (-4.26%) – previous year May 10: $107,000 (-15.89%)


The graph below represents average and median home sales for May 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 2014 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 heading towards stabilization of a balanced housing market, even though housing prices are still decreasing when compared to the previous years.


Distressed properties in Lakeland, Florida

For the month of May, foreclosures and short sales comprised a total of 52% of homes sold. There were a total of 117 homes sold in May, according to Mid-Florida Regional MLS.


 

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