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Lakeland FL Real Estate Update - Home Sales for May 2010
Lakeland FL Real Estate Update - Home Sales for May 2010
 
For the month of May, the Lakeland Real Estate market has shown slight improvement, but compared to previous year, it has been much of the same for when considering sales prices. A total of 221 Lakeland homes were sold in May with average and median prices still declining from the previous year. Distressed properties are still driving down market values with over 57% of market share. 
 

 
 
Lakeland Homes sold in May: 221 - previous month:  244 – previous year May 09: 158 sold
 
May – average sales price $121,337
Previous month: $110,880 (8.62%) – previous year May 09: $124,689 (-2.69%)
 
May – median sales price $106,000
Previous month: $95,500 (9.90%) – previous year May 09: $119,450 (-12.67%)
 
The graph below represents average and median prices in Lakeland for various categories. When our media provides us with the Lakeland real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, townhomes, villas and duplex units.
 

 
 
What are the various average prices in each Lakeland zip code?
Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The ... more

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