Lake Mary Florida Real Estate Market Update March 2010 - 03/04/10 07:15 AM

Lake Mary Homes For Sale Homes & Condos for sale:  377Properties listed as short sales: 108 or 29%Bank Owned/REO Properties:  38 or 10%
We have seen a stabilization of the inventory of homes over the past 4 months, which is a positive indicator, but there are many homes that are bank owned that are empty and will be resold, also called “Shadow Inventory”, this is an unknown variable that could impact our market in a negative manner.  Currently, distressed properties make up 39% of the available homes for sale in Lake Mary, Florida [up 3% from last month].
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