Update for Lakeland FL Homes for Sale – Just Listed Feb 16 through Feb 28

Update for the Lakeland FL real estate market! Newly listed homes for the second half of February.  A total of 119 Lakeland FL homes were just listed with area Realtors®.  The average sales price for Lakeland FL houses is $1156,977.  The total inventory of homes that are for sale in… Read more »

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… Read more »

What is an Escrow Account and how does it work?

What is an Escrow Account and how does it work? Let’s define Escrow Account in connection with a mortgage! An escrow account is a specially designated savings account into which funds are deposited for a defined purpose. When I meet first time home buyers who are buying a Lakeland FL… Read more »

Lakeland Fl Homes for Sale – Overall Home Sales for November 2010

Lakeland Fl Homes for Sale – Overall Home Sales for November 2010 Average overall Lakeland Florida home sales increased to $120,073 for the month of November compared to October 2010.  Only 133 Lakeland homes have sold which represents the lowest number for this year. November market share of distressed homes decreased to… Read more »

Understanding Absorption Rate for Lakeland FL Home Sellers and Buyers

Understanding Absorption Rate for Lakeland FL Home Sellers and Buyers In today’s housing market, it is very critical that Lakeland home sellers and buyers understand the housing market and more importantly understand absorption rate. First and foremost and realistically, there are only a certain number of homes that will sell in any… Read more »