FL ARCHIVED March 2018 | Page 76

Market Action Report March 2018
Community Information | School District
Market Action Report March 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
$ 249,900
4 %
24 %
Average List Price of all Current Listings
$ 305,067
5 %
20 %
March Median Sales Price
$ 192,500
2 %
4 %
12 %
9 %
$ 189,900
12 %
8 %
March Average Sales Price
$ 204,555
3 %
2 %
11 %
6 %
$ 201,715
11 %
5 %
Total Properties Currently for Sale ( Inventory )
637 -11%
-29%
March Number of Properties Sold
310
30 %
4 %
735
-4%
March Average Days on Market ( Solds )
62
13 %
7 %
0 %
5 %
58
-8%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 119
1 %
1 %
12 %
8 %
$ 118
12 %
7 %
March Sold Price per Square Foot
$ 111
5 %
3 %
11 %
8 %
$ 108
10 %
5 %
March Month ' s Supply of Inventory
2.1 -32% -32% -32% -31%
3.0
-13%
1 %
March Sale Price vs List Price Ratio
95.8 %
. 2 %
. 4 %
. 5 %
. 4 %
95.6 %
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
March Property sales were 310 , up 4.4 % from 297 in March of
2017 and 30.3 % higher than the 238 sales last month . March
Property
2018 sales
Sales were at their highest level compared to March of
400
March Property sales were 310 , up 4.4 % from 297 in March of
2017 and 2016 . March YTD sales of 735 are running 4.0 %
2017 and 30.3 % higher than the 238 sales last month . March
350 behind last year ' s year-to-date sales of 766 .
2018 sales were at their highest level compared to March of
300
2017 and 2016 . March YTD sales of 735 are running 4.0 %
350
300
250
200
Number of Properties Sold
3 Mo Avg
behind last year ' s year-to-date sales of 766 .
250
150
200
100
150
100
50
50
0
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 M
0
15
16
17
18
Prices
The Median Sales Price in March was $ 192,500 , up 11.9 % from
Prices
$ 172,000 in March of 2017 and up 2.4 % from $ 188,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 192,500 was , up $ 11.9 204,555 % from , up
$
11.1 172,000 % from in March $ 184,160 of 2017 in March and up of 2.4 2017 % from and up $ 188,000 2.7 % from last
240 month
$ 199,097
. The last Average month Sales . March
Price
2018 in March
ASP was was $ at 204,555 the highest , up level
11.1 % from $ 184,160 in March of 2017 and up 2.7 % from
220 compared to March of 2017 and 2016 .
$ 199,097 last month . March 2018 ASP was at the highest level
200
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
F M
16
Median Sales Price and 17Average Sales Price
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
compared to March of 2017 and 2016 .
180
160
160 140
140 120
283 297 313 301 277
283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 231 238 297 277 326 356 297 303 239 275 285 274 187 238 310
120
100
100
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 M
A M15J
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
F M
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 March
The was Total 637 , Inventory down 11.4 of % Properties from 719 last available month for and sale down as of 28.7 March % from
1,200 was 637 , down 11.4 % from 719 last month and down 28.7 % from
1,200
893 in March of last year . March 2018 Inventory was at its
1,000
893 lowest in March level compared of last year . with March March 2018 of Inventory 2017 and was 2016 at . its
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
6.0
5.0
lowest level compared with March of 2017 and 2016 .
800
800
4.0
4.0
600
600
3.0
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 March 2018 MSI of 2.1 higher MSI is better for buyers . The March 2018 MSI of 2.1 months was at its lowest level compared with March of 2017 and
200 months was at its lowest level compared with March of 2017 and
2016
2016 .
.
0
400
2.0
200
1.0
0
0.0
A
M AJ
MJ AJ
SJ OA NS DO JN FDMJ
AFMM J
AJ MA JS JO AN SD OJ
NF MD AJ
MF MJ
JA AM SJ
OJ NAD S J
OF NM
D J
F M
15
15
16
16
17
17
18
18
2.0
1.0
0.0
1,117 1,069 1,075 1,050 1,006 1,027 1,040 253 255 208 261
1,117 1,069 1,075 1,050 1,006 1,027 1,040 1,029 963 221 225
1,029 963 988 960 942 930 926 926
Number of Properties Sold
307 277 280 306 300 302 301 280 283
988 960 942 930 926 926 960 986 976 923 914 874
293
960 986 976 923 914 874 860 871 893 857 231 238
860 871 893 297 277 326 356 297 303 239
850 845 849 856 835 791 757 718 740 719
275
857 850 845 849 856 835 791 757
, Flagler County Association of REALTORS , Bonita Springs-Estero Association of REALTORS , Royal Palm Coast REALTOR Association , Navarre Area Board of REALTORS , Emerald Coast Association of REALTORS , Pensacola Association of REALTORS and may not reflect all relevant real estate activity . C
637 285 274
718 740
3 Mo Avg
187 238
719 637
310
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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