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:
For more information please visit my blog about Lakeland FL Homes for Sale, real estate, communities and events.
Copyright © 2011 By Petra Norris *Lakeland Fl Homes for Sale – Overall Home Sales for March 2011*