The Gate Arty Blog - December 2008 Archive

November Real Estate Sales

Thursday, December 11, 2008 - By Gate Arty

Lakeland real estate sales took a dip for the month of November. In :Lakeland, 116 properties sold, which was down from 151 in Coctober. The average list price was 161,976, up a little from October, while the average sale price was $149,269 which is down from 151,946 last month and well below the prior year’s average of $180,973. Average days on market improved to 106 from 133 in October, but the months of inventory shot up to 25.97 versus 19.89 in October.

For Lakeland, the two price range that dominated most sales was the $200,000 - $249,999 where 13.79% of homes sold and $120,000-$139,999 (13.79%).

In East Polk there were 103 homes closing versus the prior years’ 95 closing and October’s 128 closings. The average list price was essentially unchanged at $136,676 while the average sale price was also nearly unchanged at $125,163. Days on the market improved to 112 versus 118 in October, but the months of inventory increased to 20.24 from 16.43 in October.

For East Polk, the $120,000 to $139,999 price range represented 14.56% of sales while the $100,000-$119,999 price range was in second place with $11.65% of sales.

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