Lakeland FL Real Estate – Housing Prices for January 2011

Average overall Lakeland Florida housing prices took a nose dive to $94,095 for the month of January compared to the previous month.  The last time I saw average sales price like this was April 2001 at $89,607.  I don’t have the numbers prior to 2001, since our Multiple Listing Service provides data for ten years.

169 Lakeland Fl houses that have sold in January which also decreased from the previous month of December of 197.  January market share of distressed homes rose to 67% from the previous month.

Lakeland overall homes sales and housing prices in January:

169 – previous month:  197 – previous year January 10: 144 sold

January – average sales price $94,095

Previous month: $112,466 (-16.33%) – previous year January 09: $125,635 (-25.10%)

January – median sales price $77,500

Previous month: $93,972 (-17.53%) – previous year January 09: $111,950 (-30.77%)

The graph below represents average and median home sales for January 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 January, Lakeland’s real estate market of distressed homes had a market share of 67.46%. There were a total of 114 homes sold in January, according to Mid-Florida Regional MLS.

Check back soon for January’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.

Copyright © 2011 By Petra Norris *Lakeland FL Real Estate – Housing Prices for January 2011*

Leave A Comment...

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>