FL ARCHIVED June 2017 | Page 39

Market Action Report June 2017
Community Information | School District
Market Action Report June 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
$ 239,900
9 %
23 %
Average List Price of all Current Listings
$ 288,873
6 %
18 %
June Median Sales Price
$ 180,000
3 %
3 %
10 %
12 %
$ 171,000
10 %
6 %
June Average Sales Price
$ 199,507
7 %
5 %
11 %
13 %
$ 187,624
10 %
6 %
Total Properties Currently for Sale ( Inventory )
766
-7%
-17%
June Number of Properties Sold
356
9 %
16 %
1,724
7 %
June Average Days on Market ( Solds )
57
2 %
-5% -15% -12%
61
-14%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 112
1 %
2 %
9 %
10 %
$ 108
9 %
6 %
June Sold Price per Square Foot
$ 103
2 %
2 %
9 %
10 %
$ 100
10 %
6 %
June Month ' s Supply of Inventory
2.2 -14% -16% -29% -36%
3.0
-16%
-11%
June Sale Price vs List Price Ratio
95.5 %
-. 8 % -. 1 % -. 5 %
. 3 %
95.5 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
400 June Property sales were 356 , up 16.3 % from 306 in June of 2016 and 8.9 % higher than the 327 sales last month . June 2017 350 Property sales were
Sales at their highest level compared to June of 2016 and 400 June Property sales were 356 , up 16.3 % from 306 in June of 300 2015 . June YTD sales of 1,724 are running 6.7 % ahead of last 2016 and 8.9 % higher than the 327 sales last month . June 2017 350 year ' s year-to-date sales of 1,616 .
250 sales were at their highest level compared to June of 2016 and
300 2015 . June YTD sales of 1,724 are running 6.7 % ahead of last 200 year ' s year-to-date sales of 1,616 .
250 150
200 100
150 50
100
0 50

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

0
Number of Properties Sold
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 M A M J 14
15 16
17 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 M A M J 15 Median Sales Price 16 and Average Sales Price 17
3 Mo Avg
Median Sales Price and Average Sales Price
231 231 220 261 190 252 182 205 281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 230 238 297 276 327 356
J
14
231 231 220 261 190 252
Prices
The Median Sales Price in June was $ 180,000 , up 9.9 % from
Prices
$ 163,750 in June of 2016 and up 2.9 % from $ 175,000 last
The month Median . The Sales Average Price Sales in June Price was in $ 180,000 June was , up $ 199,507 9.9 % from , up
11.3200 %
$ from 163,750 $ 179,227 in June in of June 2016 of and 2016 up 2.9 and % up from 7.0 $ % 175,000 from $ last 186,432 last month . The Average Sales Price in June was $ 199,507 , up 11.3 %
190 month . June 2017 ASP was at the highest level compared to from $ 179,227 in June of 2016 and up 7.0 % from $ 186,432 last
180
June of 2016 and 2015 . month . June 2017 ASP was at the highest level compared to
170
June of 2016 and 2015 .
160
150
200
190
180
170
160
150
140
3 Mo Avg
140
130
130
120
120
110
110
100
100
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 M A M J
J
A
14 S O N D
J
F
M15 A M J
J
A S O N D
J
F
M16 A M J
J
A S O N D
J
F M A17M J
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 June
The was Total 766 , Inventory down 6.6 of % Properties from 820 last available month for and sale down as of 16.8 June % from
1,400 was 766 , down 6.6 % from 820 last month and down 16.8 % from
1,400
921 in June of last year . June 2017 Inventory was at its lowest
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
921 level in June compared of last with year . June June of 2017 2016 Inventory and 2015 was . at its lowest
1,200
6.0 level compared with June 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 June 2017 MSI of 2.2
400
2.0 higher MSI is better for buyers . The June 2017 MSI of 2.2 months was at its lowest level compared with June of 2016 and
200 months was at its lowest level compared with June of 2016 and
200
1.0
2015
2015 .
.
0
0
0.0
J
A
SJ
OA NS DO JN FD MJ
AF MJA JMA JS JO AN SD OJ
NF
DM AJ
MF MJ
AJ AM SJ
OJ NA DS JOFNM DA JM FJ
M A M J
14
14
15
15
16
16
17
17
5.0
4.0
3.0
2.0
1.0
0.0
182 205 281
1,188 1,220 1,222 1,190 1,168 1,120 1,130 1,142 1,100
283
1,188 1,220 1,222 1,190 1,168 1,120 1,130 1,142 1,100 1,116 1,068 1,074 1,049
297
Number of Properties Sold
313 301 277 253 255 208 261 221 225
1,004 1,023 1,036 1,025 957 982 955 937 925 921 921 955 983 973 920 911 872 857 865 881
307 277 280
1,116 1,068 1,074 1,049 1,004 1,023 1,036 1,025 957 982 955 937 925 921 921 306 300 302 301 280 283 293
3 Mo Avg
230
841 820 766 238 297
955 983 973 920 911 872 857 865 881 841
3 Mo Avg
276 327
820 766
356
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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