Overall Existing Lakeland FL Housing Market – July 2012
Overall Existing Lakeland FL home prices and sales remain positive in July. While average prices have increased, median prices remained the same from previous year. Even though the overall housing still market shows eight months of housing supply, current pending sales are increasing to 814 housing units. The current overall housing inventory of actively Lakeland Fl homes for sale stands at 1151 (09/19/12).
Lakeland Homes sold in July: 219 previous month: 242 – previous year July 11: 174 sold
July – average sales price $117,922
Previous month: $128,825 (-8.46%) – previous year July 11: $110,304 (6.91%)
July – median sales price $98,000
Previous month: $102,000 (-3.92%) – previous year July 11: $98,00 (0.00%)
Lakeland FL Housing Market – YTD – July 2012
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 July Lakeland’s real estate market of distressed homes had a market share of 44%. There were a total of 97 homes sold in July, according to Mid-Florida Regional MLS. There were 57 bank-owned/REO sold and 40 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; emailpetra[at]petranorris.com or click the link: http://www.servinglakelandfl.com