FL ARCHIVED August 2017 | Page 39

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

City : Lakeland

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 229,000
2 %
17 %
Average List Price of all Current Listings
$ 286,272
3 %
19 %
August Median Sales Price
$ 181,500
4 %
1 %
6 %
13 %
$ 174,000
10 %
8 %
August Average Sales Price
$ 197,454
2 %
2 %
5 %
12 %
$ 189,540
9 %
7 %
Total Properties Currently for Sale ( Inventory )
778
-6%
-21%
August Number of Properties Sold
302
2 %
0 %
2,323
5 %
August Average Days on Market ( Solds )
54
-8%
-4%
-8%
-17%
60
-12%
-8%
Asking Price per Square Foot ( based on New Listings )
$ 110
-3%
-1%
7 %
8 %
$ 109
9 %
7 %
August Sold Price per Square Foot
$ 105
2 %
2 %
8 %
11 %
$ 101
10 %
7 %
August Month ' s Supply of Inventory
2.6
-8%
0 %
-21% -24%
3.0
-15%
-12%
August Sale Price vs List Price Ratio
95.6 %
. 0 %
-. 2 % -. 8 %
. 4 %
95.5 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
400
August Property sales were 302 , equal to 302 in August of 2016 and 1.7 % higher than the 297 sales last month . August 2017
Property sales were
Sales at their highest level compared to August of 2016 and
400
August Property sales were 302 , equal to 302 in August of 2016
2015 . August YTD sales of 2,323 are running 4.7 % ahead of last and 1.7 % higher than the 297 sales last month . August 2017
350 year ' s year-to-date sales of 2,218 . sales were at their highest level compared to August of 2016 and
300
2015 . August YTD sales of 2,323 are running 4.7 % ahead of last
350
300
250
200
Number of Properties Sold
3 Mo Avg
year ' s year-to-date sales of 2,218 .
250
150
200
100
150
100
50
50
0
S
O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A
0
14
15
16
17
Prices
The Median Sales Price in August was $ 181,500 , up 6.0 % from
Prices
$ 171,250 in August of 2016 and up 3.7 % from $ 175,000 last
The month Median . The Sales Average Price Sales in August Price was in August $ 181,500 was , up $ 6.0 197,454 % from , up
200
$
5.4 171,250 % from in August $ 187,271 of 2016 in August and up of 3.7 2016 % from and up $ 175,000 2.4 % from last month . The Average Sales Price in August was $ 197,454 , up
190
$ 192,891 last month . August 2017 ASP was at the highest level
5.4 % from $ 187,271 in August of 2016 and up 2.4 % from
180 compared to August of 2016 and 2015 .
$ 192,891 last month . August 2017 ASP was at the highest level
170 compared to August of 2016 and 2015 .
160
150
S
O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A
14
15
Median Sales
16 Price and Average Sales 17Price
200
Median Sales Price and Average Sales Price
3 Mo Avg
190
180
170
160
150
140
3 Mo Avg
140
130
130
120
120
110
110
100
100
S
O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A
S
O
14 N D
J
F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M A17M J
J
A
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 778 , Inventory down 6.2 of % Properties from 829 last available month for and sale down as of 21.0 August % from
1,400 was 778 , down 6.2 % from 829 last month and down 21.0 % from
1,400
985 in August of last year . August 2017 Inventory was at its
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
985 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its
1,200
6.0 lowest level compared with August of 2016 and 2015 .
1,000
1,000
5.0
800
800
4.0
600
600
3.0
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The August 2017 MSI of 2.6
400
2.0 higher MSI is better for buyers . The August 2017 MSI of 2.6 months was at its lowest level compared with August of 2016
200 months was at its lowest level compared with August of 2016
200
1.0 and and 2015
2015 .
.
0
0
0.0
S
O
NS OD NJ
FD MJ
AF
M JA JM AJ
S JOAN SD OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ NA DS JO FNM DAJMF
JMJ AA M J
J A
14
14
15
15
16
16
17
17
5.0
4.0
3.0
2.0
1.0
0.0
220 261 190 252 182 205 281
220 261 190 252 182 205 281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 230 238 297 277 326 356 297 302
1,223 1,191 1,169 1,121 1,131 1,143 1,101 1,117 1,069 283 297
1,223 1,191 1,169 1,121 1,131 1,143 1,101 1,117 1,069 313 301 277 253 255 208
1,075 1,050 1,005 1,024 1,037 1,026 958 983 956 261 221 225 307 277 280 306 300
1,075 1,050 1,005 1,024 1,037 1,026 958 983 956 938 926 922 923 957 985 302 301 280 283 293 230 238 297
938 926 922 923 957 985 975 922 913 874 859 869 889 850 841 834 829 778 277 326
975 922 913 874 859 869 889 850 841 834
356 297
829 778
302
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .
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