08/16/2023
๐ก๐ Market Update in Lakeland, Florida ๐๐ก
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Date: July 2023
๐น Stacy Ayscue, REALTORยฎ at Keller Williams SMART, here with an important market update for all our buyers and sellers in Lakeland, Florida! ๐ด
๐ According to the latest data from RPR's Market Trends, we currently have a low inventory level with only 2.26 months supply available. However, it's worth noting that over the past 12 months, the Months Supply of Inventory has seen a significant increase of +48.68%! ๐
๐ฐ Sellers, listen up! The List to Sold Price percentage is at a solid 97.8%, meaning you have a great chance of selling your property at or very close to your listing price. ๐ต
โฐ Buyers, take note! The median days on market is just 20 days, indicating a fast-paced and competitive market. It's essential to act swiftly when you find your dream home to secure it before someone else does! โฐ
๐ฒ Lastly, the median sold price for properties in Lakeland currently stands at $324,000. This figure gives you an idea of the average price range in the area, but keep in mind that every property is unique and may have its own market value. ๐ฒ
๐ Whether you're buying or selling, understanding the market trends is crucial for making informed decisions. As your trusted REALTORยฎ, I'm here to guide you through the process and help you achieve your real estate goals in Lakeland, Florida. ๐ค
๐ Contact me today to discuss your specific needs and let's navigate this exciting market together! ๐กโจ