For the month of December, the Lakeland real estate market of short sales and bank-owned (REO) properties market share increased to 61.03% from the previous month. There were a total of 119 distressed homes sold, compared to 73 in November and 103 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
Currently there are a total of 2344 Lakeland FL homes for sale and 470 homes under contract (01/24/2011). By calculating total inventory, homes that are under contract which are included in my inventory share because these properties … (3 comments)
absorption rate: Carillon Lakes in Lakeland Florida – Absorption Rate Market Analysis
- 12/21/10 12:37 AM
Carillon Lakes in Lakeland Florida – Absorption Rate Market Analysis My last featured blog titled Pricing Realistically - Understanding Absorption Rate in Real Estate inspired me to look at the Lakeland Fl Real Estate Market more closely by studying local Absorption Rate. I defined the absorption rate for Lakeland Florida homes and wrote that I would help you understand how absorption rates and housing supply is calculated within a specific community, such as Carillon Lakes in Lakeland Florida. Real Estate is Local! While I have been writing overall market reports for Lakeland, Florida for some time now, I often get asked what the current home prices in certain neighborhoods or subdivisions are. Creating … (1 comments)
absorption rate: Pricing Realistically - Understanding Absorption Rate in Real Estate
- 12/15/10 07:40 AM
Pricing Realistically - Understanding Absorption Rate in Real Estate Housing economists and experts use the absorption rate in real estate to predict the housing market, while sellers may heard the phrase through the media but really don’t know what absorption rate represents. Since April 2009, appraisers are required to use absorption rate for all government loans. Absorption rate is an assessment of the current housing inventory, including properties under contract (pending) because a prospective buyer can walk at any time, divided by current rate of sales, expressed in months of supply. In any local real estate market, the absorption rate is generally considered the … (40 comments)
absorption rate: Is it time to buy or is it time to sell in Lakeland, Florida - you decide!
- 04/08/08 08:44 AM
It has been an interesting First Quarter this year. From January through March, there were 394 residential homes sold in Lakeland, Florida compared to last year's first quarter total of 522 home sold - a decrease of 128 properties or if you will 32.50%. The average sold price for this quarter was $170,499 (average sq. ft. $101.73) compared to $198,774 (average sq. ft. $120.54) a decrease of 17% for the 1st quarter in 2008. Are you looking to buy? Folks, as every week for the past weeks you will find my weekly report below to offer you with an inside on what … (0 comments)
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