December Real Estate Sales

Wednesday, January 14, 2009 - By Gate Arty

The month of December proved to be a nice rebound month in terms of sales in Polk County. In Lakeland, 140 properties sold compared to 114 in November. The Average list price was $149,748 down from $161,976. The average sales price was $140,039, down from $149,269 last month. The average days on market fell from 114 days to 106. The months of inventory dropped to 19 from 26 the previous month. The two price ranges that saw the most activity were $140,000 - $159,999 (which accounted for nearly 19%) and $120,000 - 139,999 (14%).

In East Polk there were 130 homes closing versus the 99 closings in the prior year period as well as 103 in November 2008. The average list price dropped to $128,428 from $136,676 last month while the average sale priced dropped to $119,620 from $125,163 last month. Days on the market increased to 119 from 112 last month and the months of inventory decreased to 15.44 from 20.24 in November. For East Polk, the $120,000 to $139,999 price range represented 13.85% of sales while the price range of $140,000 - $159,999 was in second place with 11.54% of sales.

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