Overall Existing Lakeland FL home prices and sales continued to improve in August. Average and median home prices have increased, from the previous month and from previous year. The current overall housing inventory of actively Lakeland Fl homes for sale stands at 1183 (10/01/2012).
Lakeland Homes sold in August: 242 previous month: 219 – previous year August 11: 226 sold
August – average sales price $120,927
Previous month: $117,922 (2.55%) – previous year August 11: $118,160 (2.34%)
August – median sales price $111,000
Previous month: $98,000 (13.27%) – previous year August 11: $90,000 (23.33%)
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.
Distressed properties in Lakeland, Florida
For the month of August Lakeland’s real estate market of distressed homes had a market share of 48%. There were a total of 115 homes sold in August, according to Mid-Florida Regional MLS. There were 56 bank-owned/REO sold and 59 Lakeland FL short sales sold.
If you are interested in a specific area or neighborhood in Lakeland Florida or the surrounding cities such as Bartow, Winter Haven, Auburndale, Mulberry or Plant City, feel free to contact me at 863-619-6918; email petra[at]petranorris.com or click the search button below.