FL ARCHIVED January 2018 | Page 39

Market Action Report January 2018
Community Information | School District
Market Action Report January 2018

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
$ 234,900
2 %
19 %
Average List Price of all Current Listings
$ 285,497
1 %
15 %
January Median Sales Price
$ 185,000
2 %
3 %
12 %
5 %
$ 185,000
12 %
5 %
January Average Sales Price
$ 200,367
2 %
2 %
12 %
4 %
$ 200,367
12 %
4 %
Total Properties Currently for Sale ( Inventory )
705
-0%
-18%
January Number of Properties Sold
187 -32%
-19%
187
-19%
January Average Days on Market ( Solds )
57
2 %
-3% -11%
-3%
57
-11%
-3%
Asking Price per Square Foot ( based on New Listings )
$ 117
-1%
3 %
11 %
6 %
$ 117
11 %
6 %
January Sold Price per Square Foot
$ 107
0 %
2 %
10 %
4 %
$ 107
10 %
4 %
January Month ' s Supply of Inventory
3.8
46 %
26 %
1 %
27 %
3.8
1 %
27 %
January Sale Price vs List Price Ratio
95.4 %
. 6 %
. 1 %
. 6 %
-. 0 %
95.4 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
400
January Property sales were 187 , down 19.0 % from 231 in
January of 2017 and 31.8 % lower than the 274 sales last month .
Property
January 2018
Sales sales were at their lowest level compared to
400
January Property sales were 187 , down 19.0 % from 231 in
January of 2017 and 2016 . January YTD sales of 187 are
January of 2017 and 31.8 % lower than the 274 sales last month .
350 running 19.0 % behind last year ' s year-to-date sales of 231 .
January 2018 sales were at their lowest level compared to
300
January of 2017 and 2016 . January YTD sales of 187 are
350
300
250
200
Number of Properties Sold
3 Mo Avg
running 19.0 % behind last year ' s year-to-date sales of 231 .
250
150
200
100
150
100
50
50
0
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 N D
J
0
15
16
17
18
Prices
The Median Sales Price in January was $ 185,000 , up 12.5 %
Prices from $ 164,500 in January of 2017 and up 2.2 % from $ 181,000
The last Median month Sales . The Price Average in January Sales Price was $ in 185,000 January , up was 12.5 $ % 200,367 , from up 12.2 $ 164,500 % from in $ January 178,504 of in 2017 January and up of 2017 2.2 % and from up $ 181,000 2.4 % from
240 last
$ 195,761 month . last The month Average
. January Sales Price
2018 in January
ASP was was at the
$ 200,367 highest
, level up 12.2 % from $ 178,504 in January of 2017 and up 2.4 % from
220 compared to January of 2017 and 2016 .
$ 195,761 last month . January 2018 ASP was at the highest level
200
F
M A M J
15
240
220
200
180
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 N D
J
Median
16 Sales Price and Average
17 Sales Price
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
compared to January of 2017 and 2016 .
180
160
160 140
140 120
206 281 283 297 313 301
206 281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 231 238 297 277 326 356 297 303 239 275 285 274 187
120
100
100
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 N D
J
F
M15 A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
January Total Inventory was 705 , down of Properties 0.1 % from available 706 last for sale month as of and down
1,400
January was 705 , down 0.1 % from 706 last month and down
1,400
17.9 % from 859 in January of last year . January 2018 Inventory
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
17.9 was % at from its lowest 859 in January level compared of last year with . January 2018 of 2017 Inventory and
20161,200 .
5.0 was at its lowest level compared with January of 2017 and 2016 .
1,000
1,000
800
4.0
800
600
3.0
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400
2.0 higher MSI is better for buyers . The January 2018 MSI of 3.8
400 higher MSI is better for buyers . The January 2018 MSI of 3.8 months was at a mid level compared with January of 2017 and
200
1.0 months was at a mid level compared with January of 2017 and
200
2016
2016 .
.
0
0
0.0
F
M
AF
M AJ
MJ AJ
SJ OA NS DO JNFDM JA FM MJ
AJ MA JS
OJ AN DS OJ
FN MD AJ
MF JM JA AM S JO JNAD SJ
O N D J
15
15
16
16
17
17
18
18
6.0
5.0
4.0
3.0
2.0
1.0
0.0
277
1,143 1,101 1,117 1,069 1,075 1,050 1,006 1,027 1,040 253 255
1,143 1,101 1,117 1,069 1,075 1,050 1,006 1,027 1,040 208 261
Number of Properties Sold
221 225 307 277 280 306 300 302 301
1,029 963 988 960 942 930 926 926 959 985 975 922 913 873 859 280 283 293
1,029 963 988 960 942 930 926 926 959 985 975 922 913 873 859 231 238 297 277 326 356 297 303
870 892 856 848 842 845 852 828 784 750 706 705 239 275
870 892 856 848 842 845 852 828 784 750
3 Mo Avg
285 274
706 705
187
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 .
c o l d w e l l b a n k e r h o m e s . c o m | 39