FL ARCHIVED May 2017 | Page 39

Market Action Report May 2017
Community Information | School District
Market Action Report May 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
$ 227,900
6 %
20 %
Average List Price of all Current Listings
$ 282,398
5 %
17 %
May Median Sales Price
$ 175,000
8 %
3 %
10 %
9 %
$ 169,900
11 %
6 %
May Average Sales Price
$ 186,432
-1%
0 %
8 %
5 %
$ 184,531
10 %
4 %
Total Properties Currently for Sale ( Inventory )
767
-7%
-17%
May Number of Properties Sold
327
18 %
17 %
1,368
4 %
May Average Days on Market ( Solds )
56 -18% -10% -18% -14%
62
-14%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 112
0 %
3 %
13 %
10 %
$ 108
9 %
6 %
May Sold Price per Square Foot
$ 101
-0%
1 %
9 %
7 %
$ 99
10 %
5 %
May Month ' s Supply of Inventory
2.3 -21% -15% -29% -30%
3.1
-15%
-8%
May Sale Price vs List Price Ratio
96.3 %
1.0 %
. 8 %
1.6 % 1.1 %
95.4 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350 May Property sales were 327 , up 16.8 % from 280 in May of 2016 and 18.5 % higher than the 276 sales last month . May 2017 sales 300 Property were at their
Sales highest level compared to May of 2016 and 2015 . 350 May Property sales were 327 , up 16.8 % from 280 in May of 2016 May YTD sales of 1,368 are running 4.4 % ahead of last year ' s 250 and 18.5 % higher than the 276 sales last month . May 2017 sales 300 year-to-date sales of 1,310 . were at their highest level compared to May of 2016 and 2015 . 200 May YTD sales of 1,368 are running 4.4 % ahead of last year ' s 250 year-to-date sales of 1,310 .
150
200

Lakeland

Agent Name
Title Phone Website Other

Community Information | School District

100
150 100 50 0
50
Number of Properties Sold
0
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 M
14
15
16
17
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
15
Median Sales Price
16 and Average Sales
Price17
3 Mo Avg
Median Sales Price and Average Sales Price
234 231 231 220 261 190 252 182 205 281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 230 238 297 276 327
J
14
234 231 231 220 261 190
Prices
The Median Sales Price in May was $ 175,000 , up 9.9 % from
Prices
$ 159,250 in May of 2016 and up 7.7 % from $ 162,500 last
The month Median . The Sales Average Price Sales in May Price was $ in 175,000 May was , up $ 9.9 186,432 % from , up 7.6 %
200
$ from 159,250 $ 173,190 in May in of May 2016 of and 2016 up 7.7 and % down from $ 0.9 162,500 % from last $ 188,220 month . The Average Sales Price in May was $ 186,432 , up 7.6 %
190 last month . May 2017 ASP was at the highest level compared to from $ 173,190 in May of 2016 and down 0.9 % from $ 188,220
180
May of 2016 and 2015 . last month . May 2017 ASP was at the highest level compared to
170
May 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
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
14
A 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
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 May
The was Total 767 , Inventory down 6.8 of % Properties from 823 last available month for and sale down as of 16.6 May % from
1,400 was 767 , down 6.8 % from 823 last month and down 16.6 % from
1,400
920 in May of last year . May 2017 Inventory was at its lowest
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
920 level in compared May of last with year . May May of 2017 2016 Inventory and 2015 was . at its lowest
1,200
6.0 level compared with May 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 May 2017 MSI of 2.3
400
2.0 higher MSI is better for buyers . The May 2017 MSI of 2.3 months was at its lowest level compared with May of 2016 and
200 months was at its lowest level compared with May of 2016 and
200
1.0
2015
2015 .
.
0
0
0.0
J
J
AJ
SJ OA NS DO JN FD MJ
AF MJ
AJMA JS JO AN SD OJ
NF MD AJ
MF MJ
JA AM SJ
OJ NA DS JOFNM DA JM
F M A M
14
14
15
15
16
16
17
17
5.0
4.0
3.0
2.0
1.0
0.0
252 182 205
1,147 1,187 1,219 1,221 1,189 1,167 1,119 1,129 1,141 281 283
1,147 1,187 1,219 1,221 1,189 1,167 1,119 1,129 1,141 1,099 1,115 1,067 1,073 1,048
Number of Properties Sold
297 313 301 277 253 255 208 261 221 225
1,003 1,022 1,035 1,024 956 981 954 936 924 920 920 954 982 972 918 909 869 851 858 871
307 277
1,099 1,115 1,067 1,073 1,048 1,003 1,022 1,035 1,024 956 981 954 936 924 920 280 306 300 302 301 280 283
3 Mo Avg
293
823
767 230 238
920 954 982 972 918 909 869 851 858 871
3 Mo Avg
297 276
823 767
327
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