FL ARCHIVED February 2018 | Page 76

Market Action Report February 2018
Community Information | School District
Market Action Report February 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
$ 245,000
7 %
23 %
Average List Price of all Current Listings
$ 298,743
5 %
21 %
February Median Sales Price
$ 188,000
2 %
2 %
15 %
7 %
$ 186,500
13 %
6 %
February Average Sales Price
$ 199,097
-1%
1 %
8 %
4 %
$ 199,656
10 %
4 %
Total Properties Currently for Sale ( Inventory )
687
-6%
-21%
February Number of Properties Sold
238
27 %
0 %
425
-9%
February Average Days on Market ( Solds )
55
-4%
-5% -15%
-7%
56
-13%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 119
2 %
3 %
14 %
8 %
$ 118
13 %
7 %
February Sold Price per Square Foot
$ 106
-1%
0 %
8 %
3 %
$ 106
9 %
3 %
February Month ' s Supply of Inventory
2.9 -26% -8% -21%
-3%
3.4
-8%
14 %
February Sale Price vs List Price Ratio
95.6 %
. 2 %
. 2 %
. 4 %
. 2 %
95.5 %
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
February Property sales were 238 , equal to 238 in February of
2017 and 27.3 % higher than the 187 sales last month . February
Property
2018 sales
Sales were at their highest level compared to February of
400
February Property sales were 238 , equal to 238 in February of
2017 and 2016 . February YTD sales of 425 are running 9.4 %
2017 and 27.3 % higher than the 187 sales last month . February
350 behind last year ' s year-to-date sales of 469 .
2018 sales were at their highest level compared to February of
300
2017 and 2016 . February YTD sales of 425 are running 9.4 %
350
300
250
200
Number of Properties Sold
3 Mo Avg
behind last year ' s year-to-date sales of 469 .
250
150
200
100
150
100
50
50
0
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
0
15
16
17
18
Prices
The Median Sales Price in February was $ 188,000 , up 14.8 %
Prices from $ 163,700 in February of 2017 and up 1.6 % from $ 185,000
The last Median month Sales . The Price Average in February Sales Price was in $ 188,000 February , up was 14.8 $ % 199,097 , from up 8.4 $ 163,700 % from in $ 183,707 February in of February 2017 and of up 2017 1.6 % and from down $ 185,000 0.6 %
240 last from month
$ 200,367 . The Average last month Sales
. February Price in February
2018 ASP was was $ 199,097 at the , up 8.4 % from $ 183,707 in February of 2017 and down 0.6 %
220 highest level compared to February of 2017 and 2016 . from $ 200,367 last month . February 2018 ASP was at the
200
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
F
Median
16 Sales Price and Average
17 Sales Price
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
highest level compared to February of 2017 and 2016 .
180
160
160 140
140 120
281 283 297 313 301 277
281 283 297 313 301 277 253 255 208 261 221 225 307 277 280 306 300 302 301 280 283 293 231 238 297 277 326 356 297 303 239 275 285 274 187 238
120
100
100
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
M
A
15 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
F
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
February Total Inventory was 687 , of down Properties 6.0 % from available 731 for last sale month as of and down
1,200
February was 687 , down 6.0 % from 731 last month and down
1,200
21.1 % from 871 in February of last year . February 2018
1,000
21.1
Inventory % from 871 was in at February its lowest of level last year compared . February with 2018 February of
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
6.0
5.0
Inventory
2017 and was 2016 at . its lowest level compared with February of
2017 and 2016 .
800
600
800
600
4.0
3.0
4.0
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 February 2018 MSI of 2.9 higher MSI is better for buyers . The February 2018 MSI of 2.9 months was at its lowest level compared with February of 2017
200 months was at its lowest level compared with February of 2017 and and 2016
2016 .
.
0
400
2.0
200
1.0
0
0.0
M
A
M AJ
MJ AJ
SJ OA NS DO JN FDM JA FM MJ
AJ MA JS JO AN DS OJ
NF MD AJ
MF JM JA AM SJ
OJNAD SJ
OF N D J
F
15
15
16
16
17
17
18
18
2.0
1.0
0.0
253 255 208
1,101 1,117 1,069 1,075 1,050 1,006 1,027 1,040 1,029
261
1,101 1,117 1,069 1,075 1,050 1,006 1,027 1,040 1,029 963 988 960
221
Number of Properties Sold
225 307 277 280 306 300 302 301 280 283
963 988 960 942 930 926 926 960 986 976 923 914 874
293
942 930 926 926 960 986 976 923 914 874 860 871 893 857
231
860
871 238 297 277 326 356 297 303 239
850 844 848 855 834 789 754 715 731 687
275
893 857 850 844 848 855 834 789 754
, 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
285 715
3 Mo Avg
274 187
731 687
238
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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