Hi folks, here is my weekly update on newly listed Lakeland properties! There were 76 homes newly listed in Lakeland with an average sales price of $194,453 or $95.50 per square foot. While the numbers of newly listed properties decreased from 84 homes the previous week to 76 listed with area Realtors®; we have seen a steady inventory in recent months at about 2,200 properties that are actively marketed for sale according to the Multiple Listing Services (MLS).
Let’s give the inventory some perspective - during the height of the market around June 2005 our inventory was at 473 homes and the month of supply was at 1.16. In February of 2008, the property inventory grew to over 3,000 home, that translates to approximately a 28 month of supply.
We continue experiencing a high volume of inventory, but all in all we are reaching the levels of 2006. Amongst the newly listed properties, here is a breakdown of category:
3 ½ duplex listed for sale at $79,966
1 condo is listed at a sales price of $89,900
3 mobile homes listed with an average sales price of $122,766
2 townhomes/villas with an average sales price of $126,250
67 single family homes with an average price of $206,385
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I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland real estate landscape and all it has to offer.
